By Jim Cote
Chicago, June 27 (BridgeNews) - The dollar rose against the yen and staved off an overnight attack from the euro ahead of this afternoon's Federal Open Market Committee policy meeting. The dollar rose to a two-day high against the yen and recovered from a 10-day low against the euro.
Wednesday's domestic economic agenda revolves around Fed's announcement of the results of its FOMC policy meeting. The market has already priced in a 25-basis point rate cut, however, some expect a 50-basis point cut.
The intraday outlook is mixed ahead of the Fed announcement.
Current Previous Change Global Global
NY open NY close low high
USD/JPY 124.34 123.82 0.52 123.75 124.44
EUR/USD 0.8628 0.8631 -0.0003 0.8618 0.8659
EUR/JPY 107.30 106.89 0.41 106.76 107.70
GBP/USD 1.4163 1.4147 0.0016 1.4152 1.4224
USD/CHF 1.7646 1.7645 0.0001 1.7600 1.7684
USD/CAD 1.5126 1.5165 -0.0039 1.5104 1.5179
AUD/USD 0.5203 0.5213 -0.001 0.5198 0.5219
NZD/USD 0.4181 0.4171 0.001 0.4165 0.4195
SP.1 1220.30 Bridge N/A -0.30 1219.30 1222.20
ND.1 1759.00 Bridge N/A -6.50 1756.00 1769.00