The US Dollar (USD) managed to add to Monday’s optimism as market participants geared up for the last FOMC event of the year on Wednesday. Firm data from the weekly ADP report and JOLTS readings also reinforced the bullish move in the Greenback.
NZD/USD trades around 0.5780 on Tuesday at the time of writing, virtually unchanged on the day. The New Zealand Dollar (NZD) is attempting to extend its rebound, but the US Dollar (USD) has regained a touch of support, limiting the pair’s upward momentum.
Silver price (XAG/USD) trades in a tight range around $58.00 during the late Asian trading session on Tuesday. The white metal turns sideways as investors await the monetary policy announcement by the Federal Reserve (Fed), scheduled for Wednesday.