The Dow Jones was up 15 points at 11:20 a.m. EST on Thursday as markets and traders cautiously prepare for a policy decision today from the Federal Reserve at 2 p.m. The S&P was flat, while the Nasdaq added a lackluster 9.7 points.
Sterling appreciated to a six-week high vs. the euro as the UK jobless rate dropped below the 7% threshold that Bank of England Governor Mark Carney has set as an initial guide for considering increasing interest rates.
Earlier today, the U.S. currency rose against most major currencies as expectations that the Federal Reserve will continue to scale back its stimulus program this week fueled demand for the greenback. What impact did these moves have on major currency pairs?