Dollar Edges Higher Ahead of Fed; Loonie Pressured
USD/CAD rises as much as 0.6% to 1.4324 session high, the strongest since March 2020.
GBP/USD rises 0.3% to 1.2715 versus 1.2666 day low.
Data showed UK regular wage growth accelerated for the first time in more than a year.
USD/CHF reverses gains and falls 0.3% to 0.8920, earlier rose as much as 0.4% to 0.8975 day’s high, the strongest since July 16.
USD/JPY down 0.6% to 153.29.
Strategists are warning that further yen weakness may trigger verbal intervention from authorities and add pressure on the BOJ to hike interest rates.
Some information comes from FX traders familiar with the transactions who asked not to be identified because they aren’t authorized to speak publicly.
Source: Bloomberg