The AUD/USD plunges on Wednesday, extending its agony for fourth straight days after the Federal Reserve (Fed) decision to hold rates, thought not unanimously as two officials Waller and Bowman, who telegraphed their intentions before the blackout period, dissented and voted for a 25 bps rate cut.
The EUR/USD extended its losses during the North American session, as the Federal Open Market Committee (FOMC) held rates unchanged, in a vote split, that witnessed two Governors, favoring a 25-bps rate cut. At the time of writing, the pair trades volatile at around 1.1475-1.1500, negative on the d
The Euro (EUR) is trading somewhat defensively into Wednesday’s NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.