Category: News

Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024.

EUR/USD has completed a correction to 1.0889. A growth link to 1.0949 is expected today. Practically, a consolidation range is forming around 1.0950. With an escape from the range upwards, the quotes could rise to 1.1050. With a downward escape, the potential for a price decline to 1.0770 might open.

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