XE Market Analysis: Europe – Jan 30, 2018

The dollar has continued to hold steady-to-firmer as markets anticipate a hawkish tweak in the Fed’s policy guidance at tomorrow’s concluding of the FOMC meeting, which starts later today. This sentiment has spilled into global equity markets, souring risk appetite in a richly valued asset environment. Most commodity markets are similarly down for a second consecutive day. This backdrop has seen the Australian dollar underperform, losing 0.5% versus the U.S. dollar, and nearly 0.7% to the yen.