Session Recap: USD little changed, data and FOMC eyed

By FXstreet.com | July 28, 2014 AAA

FXStreet (Córdoba) - The European morning concludes with little changes in the FX market and no data to report. In the absence of triggers, most pairs were confined to narrow ranges with the USD a touch softer across the board as investors gear up for major events later this week.



The EUR/USD remains close to its year to date low of 1.3420 at 1.3440. The GBP/USD is just below the 1.7000 mark while the USD/JPY is beneath 102.00.



Monday will be a quiet day in terms of data, ahead of the US Q2 GDP, the FOMC decision and the nonfarm payrolls report later this week.



Main Headlines in Europe:



Italy Business Confidence below expectations (99.9) in July: Actual (99.7)



European stocks open the week higher



Foreign Minister Lavrov suggests sanctions could make Russia more independent economically



What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac



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