The focus shifts to the BOE and the ECB
The central bank's follow-up statement became the focus
The market is cautious again
After the Federal Reserve (Fed) meeting is over, the main focus of the market is now on the Bank of England (BOE) and European Central Bank (ECB) meetings in the New York session.
Both central banks are widely expected to implement a 50 basis point increase in interest rates.
Follow-up statements from BOE Governor Andrew Bailey and ECB President Christine Lagarde are also awaited by investors for clues on their next policy direction.
Before that, let's look at the current situation in the currency market in the European session which saw the king of the US dollar remain weak compared to its main competitor.
The Federal Reserve (Fed) raised its interest rate by 25 basis points at its latest meeting, and a dovish statement by Chairman Jerome Powell pushed the dollar index down to a new 9-month low.
Turning to European currencies, the pound traded more cautiously with price movements hovering around 1.2370 against the greenback.
Meanwhile, the euro trading continued to maintain its profit at a high level of almost 10 months, which was achieved previously following the US dollar investment.
On the other hand, price movements in Aussie, Canadian and New Zealand dollar trading were also flat, indicating that investors are preparing for more 'uncertainty' that will occur in the New York session.
In addition to the BOE and ECB meetings, US jobless claims data will also be the focus of the NFP employment report on Friday.
