U.S. dollar stable before any rate hike decision

U.S. dollar stable before the FOMC decision

U.S. dollar index at 101.47

The U.S. dollar seems stable as the traders and the investors predict that the FOMC will come up with a rate hike soon. The dollar index traded at 101.47 rising 0.21%. This Wednesday, the FOMC is expected to increase rates by 25 basis points.

Crude oil trades to 3-month lows

Crude oil resumed toward its three-month low zone today, as the investors look forward to key events and data that will highly impact the global markets.

The WTI crude traded at $48.33 a barrel 7 cents lower. Brent crude futures approached $51.32 a barrel gaining 3 cents.

Today’s economic indicators

China

China's fixed-asset investment climbed from 8.1% to 8.9% and did not match the economists' and the analysts' estimations for appreciation to 8.2%.

The Chinese retail sales dropped from 10.9% to 9.5%. The economists predicted the nation's RS to decline to 10.5%.

China's industrial production rose from 6.0% to 6.3% and differed from the predictions for escalation to 6.2%.

India

India's wholesale price index climbed from 5.25% to 6.55%. The analysts predicted India's WPI to rise to 5.90%.

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