The ECB remains well-positioned to keep rates steady as wage growth trends lower, reinforcing confidence in inflation returning to target and supporting EUR/USD’s ongoing uptrend, BBH FX analysts report, BBH FX analysts report.
The Australian Dollar is trading lower from year-to-date highs at 0.6690 on Wednesday, yet with downside attempts limited above previous highs, at the 0.6665-0.6670 area, as investors await the outcome of the Fed’s meeting, due later today.The US Dollar Index, which measures the value of the Dollar
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.