The traders are now looking for the British April BRC shop price index. The US Federal Open Market Committee rate decision is slated for 2:15 pm ET. Economists expect the central bank to leave interest rates unchanged once again, but traders will scrutinize the Fed`s policy statement for signs as to what the next move will be.
The US dollar traded in a loose range versus the Swiss Franc in the late deals on Tuesday. The pair resumed the same trend into the small morning hours on Wednesday, but by about 1:50 am ET it ticked down. As of 2:55 am Eastern Time, a dollar fetched 1.2169 Francs.
To the Swiss Franc, the Euro drifted lower on late Tuesday in New York and touched a low of 1.6484 at about 9:20 pm ET. Soon after, the euro gained some momentum and showed a choppy trend. At about 2:00 am ET Wednesday, following the German March trade balance and the current account data, the euro trended down. As of 2:55 am Eastern Time, a Euro traded at 1.6480 Francs.
Late Tuesday in New York, the British currency showed choppy trading against the Swiss Franc. However, in the overnight deals on Wednesday, the pair strengthened and collected as much as 2.4247 by about 1:35 am ET. The Cable made a steep fall thereafter and it was quoted at 2.4206 Francs as of 2:55 am Eastern Time.
During the evening hours on Tuesday, the Swiss currency trended lower against its Japanese counterpart. After hitting a low of 98.25 by about 9:30 pm ET, the Franc traded slightly higher and then showed an uncertainty. The pair extended the same trend into the very early deals on Wednesday, but it advanced at about 1:15 am ET. As of 2:55 am Eastern Time, a Franc collected 98.42 Yen.
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