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via finance.yahoo.comMarkets

Sterling slips as dollar holds firm ahead of Fed decision

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Sterling traded lower on Monday while the euro edged higher, as investors positioned for a packed week of central bank meetings and Wednesday's Federal Reserve decision, with energy prices and Middle East tensions keeping the dollar supported. Still guessing…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe run-up to the Fed decision and Middle East tensions support the dollar and weigh on sterling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sterling was down 0.22% against the dollar at 1.3348, while the euro was up 0.09% at 1.1213.
  2. 02ING thinks the dollar can probably hold its gains, with energy prices at highs.
  3. 03ING expects the DXY dollar index to hold a 101.45-101.85 range.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar IndexFX:DXYFX pair101.7300+0.01%today +0.12%Positive EUR/USDEURUSDFX pair1.1193-0.03%today -0.10%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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