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ForexFXStreet

The Pound sells its own inflation spike ahead of a Fed hike

The British Pound (GBP) trades just above 1.3450 on Wednesday, down 23 pips, after a morning that ran in two directions. It climbed into the August inflation release at 06:00 GMT, spiked on it, then spent six hours handing the move back and another 30 pips with it.

ForexFXStreet

Dow Jones Industrial Average huddles ahead of Fed action

The Dow Jones Industrial Average trades just above 52,100 and has spent the Wednesday morning going nowhere, on the day the Federal Reserve (Fed) is expected to raise its rate for the first time since 2023. That is not indifference.

ForexFXStreet

US Dollar: Fed repricing risk caps downside – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be excessive.

ForexFXStreet

British Pound: BoE repricing risk grows – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is trading heavy near its 200-day moving average as United Kingdom (UK) gilts stabilize. August Consumer Price Index (CPI) slightly exceeded the Bank of England's (BoE) projections, but he still expects the BoE to hold rates at 3.75%.

ForexFXStreet

Australian Dollar holds ground as Fed decision looms

AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD trades around 0.7134, little changed on the day.

ForexFXStreet

Canadian Dollar: BoC hawkish tilt and key levels – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is steady near 1.39 as markets await the Federal Reserve (Fed) and the Bank of Canada’s (BoC) summary of deliberations. They note the BoC is likely to sound more hawkish after firmer inflation data and still-accommodative policy.

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