Source: ForexYard
The euro remained within reach of a four-month high against the US dollar in overnight trading, as speculations that the Fed will initiate a new round of quantitative easing on Thursday kept demand for the common currency high. Most other currencies and commodities range traded throughout the Asian session, as investors remained hesitant to open new positions ahead of the Fed’s decision.
Main News for Today
US Trade Balance- 12:30 GMT
• Today’s news is forecasted to come in at -44.2B, slightly worse than last month’s -42.9B
• If the news comes in as forecasted, the USD could extend its recent losses against the JPY, CHF and EUR
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