USD-
Some days are simply more dramatic than others, today is not a dramatic day.
With the markets estimates of what the ECB, Fed and BoE are going to do when the three banks meet to decide the next move on interest rates in the third week of this month, whatever they decide will likely have already been priced in for weeks now.
Whilst it may be good for stability in FX pairings, it doesn't make for much excitement, the Pound continues to struggle, although, not as badly as it did just ahead of the budget.
The Dollar is the biggest question mark however, with the forward guidance of the Fed anyone's guess. Moreover, Powell's term ends in March of next year and Trump still hasn't got his replacement lined up.
And with it being the holiday season soon, volatility will likely drop lower as more and more traders log off to return in January, we'll have to watch volume figures to discern that picture.
Markets Today
*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.
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