FxAnalysis

The euro climbed to a 4-year high at 1.1878 against the dollar, with markets eyeing 1.20 if the Fed confirms a dovish outlook.

Gold prices remain bullish near $3670 ahead of the Fed’s expected 0.25% rate cut, with markets eyeing a breakout toward $3720–$3780.

USD/SGD trades near 1.2765 ahead of the Fed’s expected 0.25% rate cut, with volatility likely as markets gauge guidance for October.

The USD/BRL dropped under 5.3000, trading at lows not seen since June 2024, as traders await today’s Fed rate cut decision. With bearish momentum intact, volatility is expected depending on the Fed’s outlook for October and beyond.

USD/INR fell toward 88 support on Tuesday as markets awaited the Fed’s decision, with traders watching for clues on whether the long-term bullish trend will continue.

The S&P 500 gave back early gains Tuesday, with markets cautious ahead of the Fed decision, eyeing 6,500 support and 6,700 resistance.