The US Dollar (USD) is showing a mixed performance in a subdued trading environment as investors position themselves ahead of the crucial Federal Open Market Committee (FOMC) decision on Wednesday. According to Scotiabank’s Chief FX Strategists, Shaun Osborne and Eric Theoret, the market is experiencing limited volatility as traders await guidance on the future trajectory of monetary policy.
As the USD fluctuates against major currencies, the EUR/USD pair remains under scrutiny, with the exchange rate hovering around 1.1000. Market participants are closely monitoring key technical levels, particularly the support at 1.0950 and resistance at 1.1050. The outcome of the FOMC meeting is expected to have significant implications for trading strategies, influencing not only the USD but also broader forex market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 15:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.