Major currencies stuck in a lull currently as we await the US FOMC meeting
There really isn't much else to say.
GBP has been the biggest gainer so far, as the positive momentum in sterling mainly came prior to the release of UK wages/jobs data. It fell off a little after the data release, but it's still higher on the day.
Meanwhile, most other major pairs are stuck in a tight range after the dollar recovered some ground in European trading - after its early decline following news that the Alabama vote was won by Democrat Doug Jones.
EUR/USD is confined between the 1.1740 - 1.1750 range for the last couple of hours. USD/JPY is hardly budging as it trades at 113.40.
Meanwhile, both the AUD and NZD surrendered gains against the USD and are pretty much trading unchanged for the day. AUD/USD got rejected at levels that I pointed out earlier here.
It looks like markets are taking a breather before we dive into the FOMC storm later.
