FX in ranges ahead of the FOMC – FXStreet

By FXStreet Valeria Bednarik, chief analyst at FXStreet explained that the main event this week is the FOMC and we are range bound ahead of the event.

Key Quotes:

“All eyes are now on the US Federal Reserve economic policy meeting next Wednesday.”

“The FOMC seems more concern over the global developments than by the local woes.”

“There is a considerable uncertainty on whether the Central Bank may remain on hold, or open doors for a rate hike in June, which means majors will likely remain range bound ahead of the release.”
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Source:: FX Street