Societe Generale’s Kit Juckes relays Jan Groen’s view that the US economy shows resilient growth with sticky inflation, keeping the Fed on hold for now. He notes market pricing still leans toward a rate hike in early 2027.
The AUD/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and holds above the 0.7050 level through the Asian session on Wednesday amid mixed cues.
The NZD/USD pair trades sideways near the 0.5830 region on Wednesday, as the New Zealand Dollar (NZD) finds mild support from a softer US Dollar, while traders remain cautious ahead of the Federal Reserve’s (Fed) policy decision.