Forex Today: US Dollar on the back foot ahead of FOMC Minutes, Fedspeak
The USD Index (DXY) struggles to lure buyers amid bets for a Fed rate cut by mid-2024. (Pivot Orderbook analysis)
Gold price attracts some buyers for the fifth successive day amid modest USD weakness.
India’s Nifty and Sensex set for a subdued open after closing in the green for the sixth straight day on Tuesday.
The Japanese Yen continues with its struggle to gain any meaningful traction on Wednesday.
Australian Dollar could extend its gains on a subdued US Dollar.
WTI edges lower to $77.10 after reaching a three-month high last week. (Pivot Orderbook analysis)
Japan's January Merchandise Trade Balance Total falls less than expected by ¥-1,758.3B