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Forex pairs in this Article » GBP/USD (Barcelona) - Emmanuel Ng of OCBC Bank notes that apart from the antipodeans and the GBP, the majors were confined to recent ranges ahead of the FOMC statement (1800 GMT) and 2Q GDP numbers due later today.

Key Quotes

“Meanwhile, disappointing May housing numbers from CaseS&P/Shiller and the July Conference Board consumer confidence index failed to dent the USD.”

“The AUD was undermined during the Asian session after RBA governor Stevens did not rule out further rate cuts and added that “It would not be a major surprise if a further decline (in the exchange rate) occurred over time.””
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