Forex Today: Markets remain mixed ahead of FOMC Minutes – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
Choppy market action continues mid-week as investors await the next significant catalyst. IFO sentiment survey from Germany will be featured in the European docket on Wednesday. In the late American session, the US Federal Reserve will publish the minutes of its first policy meeting of the year. Market participants will also keep a close eye on comments from central bank officials.
Safe-haven flows dominated financial markets amid escalating geopolitical tensions on Tuesday and Wall Street's main indexes suffered heavy losses. In turn, the US Dollar managed to hold its ground against its major rivals and thesnapped a two-day losing streak to close above 104.00. Meanwhile, the data from the US revealed that S&P Global Services PMI recovered sharply to 50.5 in early February from 46.8 in January.
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