US Market Open: USD softer with fixed pressured pre-FOMC, US futures slightly firmer
18/9/2024
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3:07
- European bourses are slightly lower whilst US futures see very modest gains ahead of the FOMC announcement
- Dollar is slightly softer, Kiwi outperforms, with JPY also stronger
- Bonds are at lows, Gilts underperform following the region’s UK inflation report which saw Services & Core Y/Y print above expectations
- Crude resides near lows and took another leg lower amid reports that Russia could hold off oil export cuts, XAU/base metals gain
- Looking ahead, US Building Permits, FOMC Policy Announcement & Press Conference, BCB Policy Announcement, BoC Minutes, Earnings from General Mills.
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