Today is FOMC day! This will be one of the bigger meetings, where we also get updated economic projections, including the new “dot plot”. Thus, investors, who are still pricing in another cut next year, will be eager to find out what the new dots will suggest. In the UK, a new opinion poll showed that the Conservatives’ lead has narrowed, raising concerns over another hung parliament.
FOMC RATE DECISION: MIND THE DOTS
The dollar traded higher against the majority of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained the most versus NZD, and NOK, while it underperformed versus CHF, SEK and EUR.
Read the full financial markets daily report on JFD Research.