Major FX rates traded in subdued ranges while traders awaited key central bank meetings this week, such as the Federal Open Market Committee (FOMC) (statement due Wednesday US afternoon) and Bank of Japan (statement due Thursday Japan time). After these the excuse will be the imminent holidays, but I digress.
News and data flow was very light indeed. Singapore’s Non-oil Domestic Exports (NODX) improved notably in November while Australian consumer sentiment dripped lower.
In political news pressure on Canada’s PM Trudeau to resign intensified in a caucus meeting. So far Trudeau has shrugged it all off and remains in place. Trump continues to stoke the fires of unrest with trolling on his social network:
Not very neighbourly.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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