Forex Today: It's all about Fed policy decisions and Powell's presser – by eren_fxstreet Currencies Majors Fed Macroeconomics Commodities
stays quiet near 102.00 early Wednesday after having snapped a three-day winning streak on Tuesday. The positive shift witnessed in risk sentiment following the Employment Cost Index data, which rose at a softer pace than expected in the fourth quarter, made it difficult for the US Dollar to outperform its rivals in the American session. Meanwhile, the benchmark 10-year US Treasury bond yield retreated to 3.5% and Wall Street's main indexes registered strong daily gains.
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