Currency
Dollar Recovers Slightly Ahead of Fed Meeting
The dollar was recovering marginally after hitting a five-month low Tuesday ahead of the Federal Reserve’s interest-rate decision at 1800 GMT.
The Fed is expected to keep rates unchanged but the focus is on its messaging, updated rate projections and latest growth and inflation forecasts.
Investors are “explicitly wishing” to hear the Fed is ready to step in if the market selloff worsens, Swissquote Bank’s Ipek Ozkardeskaya said in a note.
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