Ready With The FOMC? Read Here First!

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 Quiet decorated the trading of the European session as the market counted down the seconds to the FOMC policy meeting in the New York session (2.00 am Malaysian time).


Before that, investors will watch the publication of US private sector ADP employment data first which will be used as a guide to the NFP report on Friday.


The US dollar moved flat while the 10-year US bond yield was little changed, indicating investor vigilance ahead of the Federal Reserve's (Fed) big decision.


The Fed is widely expected to raise interest rates by 75 basis points and there is speculation that the central bank will give indications of slowing hikes.



Markets are now divided over whether the central bank will implement a 75 basis point or 50 basis point hike at its December meeting, as some Fed officials have expressed concern about a potential slowdown in the economy.


Turning to European currencies, the euro also traded flat amid rising inflationary pressures in the Eurozone.


The pound was little changed as investors also looked forward to the Bank of England (BOE) policy meeting on Thursday.


Meanwhile, the yen stole the opportunity to record gains even after listening to the dovish statement of the governor of the Bank of Japan (BOJ), Haruhiko Kuroda.

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