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Dollar steadies as traders await key US inflation and jobs data
FXStreet said major currency pairs were relatively quiet on the last trading day of the third quarter, but volatility could rise later as US ADP employment, final Q2 GDP revisions, and the Fed's preferred PCE inflation measure are scheduled.
FXStreet said major currency pairs were relatively quiet on Wednesday, the last trading day of the third quarter, though market volatility could increase later in the day.
The outlet pointed to a heavy US economic calendar, including Automatic Data Processing's (ADP) private sector employment report for September, and the Bureau of Economic Analysis's final revision to second-quarter GDP alongside Personal Consumption Expenditure (PCE) Price Index figures for August.
FXStreet added that the Federal Reserve's preferred inflation gauge, the PCE Price Index, is among the data set to be released, and it referenced earlier US data showing JOLTS Job Openings declined to 7.07 million in August from 7.33 million in July.
In its market rundown, FXStreet noted that the US dollar had been the strongest against the Australian dollar over the prior seven days, based on a table of recent percentage changes.