European Open Preview – Dollar consolidates ahead of Fed, rate guidance to drive the currency
Posted on September 26, 2018 at 7:52 am GMTHere are the latest developments in global markets: FOREX: The dollar index is practically unchanged on Wednesday (+0.02%), ahead of the Fed decision later today (1800 GMT), where a quarter-point rate increase is seen as a done-deal. The pound moved higher, outperforming its peers amid signs that the EU is finally ready to make concessions on the Irish border. Meanwhile, kiwi/dollar bounced earlier today (+0.23%), with an RBNZ rate decision also being on the menu for today (2100 GMT). STOCKS: Wall Street [..]