# US Dollar Price Action Setups into FOMC: EUR/USD, GBP/USD, USD/CAD, Gold

> Technical analysis from forex.com covers the US dollar ahead of the June 2024 FOMC meeting. The dollar held support between 103.88 and 104.08 after a weak manufacturing PMI and a strong services PMI and payrolls. The focus shifts to the Fed's economic projections.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8481-us-dollar-price-action-setups-into-fomc-eur-usd-gbp-usd-usd-cad-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The price-action setup reflects expectations for Fed policy that move the dollar. This is routine market commentary with no new fundamental shock to commodity supply or demand.

## Read by commodity

- DXY: neutral

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/us-dollar-price-action-setups-into-fomc-eurusd-gbpusd-usdcad-gold-67/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.