Source: Forex News
1. The New Zealand dollar was the biggest mover in an otherwise quiet morning session due to strong domestic jobs data. The kiwi gained as much as 1% to trade at 0.6922 after the latest labour market statistics showed wages grew and unemployment fell to the nine year low of 4.6%.
2. The Fed is expected to leave interest rates unchanged at the conclusion of its two-day policy meeting later today, but investors are waiting for any indications that it will resume raising rates next month as expected, and the timing of any rate hikes in 2018.
3. Sterling was trading near two-week highs, with GBP/USD at 1.3290 amid expectations that the Bank of England (BoE) will raise interest rates for the first time in almost a decade on Thursday.
4. The euro was steady at $1.1643, still nursing its losses after tumbling to a three-month low of $1.1574 on Friday, a day after the ECB said it will extend its bond purchases into September 2018.
5. Ahead of US employment data on Friday, there are views that the US economy is gaining momentum as consumer confidence jumped to a near 17-year high last month, with households upbeat about the labour market and business conditions, which could increase consumer spending and boost the economy in Q4.
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