February 1, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Traded Erratically ahead of Fed Rate Decision
US Dollar (USD) Quiet as Investors Wait on the Sidelines
The US Dollar (USD) remained fairly subdued as investors move to the sidelines in anticipation of the Federal Reserve interest rate decision on Wednesday evening.
In the meantime, labour market data could influence proceedings. JOLT job openings and the employment change could sway USD investors. Another contraction in the ISM manufacturing PMI could also exert further pressure on the ‘Greenback’.
An expected slowing of…
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