Today is the day when the FOMC will announce its decision on monetary policy. With investors largely convinced that another cut will be delivered, all the attention is likely to fall on whether policymakers will stay willing to act again if needed. We also have a BoC meeting, ahead of the Fed, with Canadian officials expected to stay on hold and maintain their neutral stance. In the UK, the House of Commons decided yesterday to approve Johnson’s call for new elections on December 12th.
Will the FOMC Deliver Another Cut Today?
The US dollar traded slightly lower against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained only against CAD and NZD, while it underperformed the most versus SEK, EUR and JPY.
Today, USD-traders and other market participants are likely to keep their gaze locked on the FOMC decision. At its latest policy meeting, the Committee decided to...
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