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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY, EUR/GBP (San Francisco) - Overall, the US Dollar was the winner in the session, however the greenback performed in a tiny range against its major competitors. EUR/USD at 1.3260, USD/JPY at 98.00 and the USD/CHF at 0.9300 were moving sideways while against the Aussie and the Canadian the USD traded logged respectful profits on the day.

The Sterling traded lower on the day against the Euro and the Japanese Yen with big losses in both sides. The EUR/GBP jumped around 60 pips from 0.8640 to price above the 0.8700 level. The GBP/JPY collapsed for 4th day in a row and extended declines below 149.50.

Investors are focused on the 'new' US GDP index release on Wednesday and the widely expected FOMC monetary policy release.

Main headlines in the American session:

US: S&P/Case-Shiller Home Price Indices rise slightly less than projected in May

US: Consumer Confidence falls to 80.3 in July

What would a hawkish Fed along with a dovish ECB and BOE mean?

Wall Street advances ahead of FOMC decision
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