Today is Fed interest rate day - a hike is off the table and a cut is unlikely given last weeks CPI 1.8% Therefore the market will be listening to the statement for any sign of cuts in the next few months. If the FOMC sit on their hands we could see the Dollar continuing to rise . If they indicate a potential cut we'll see the dollar drop but I doubt if will go far given the state of the Euro. I'll not be trading the Dollar today I'll rather wait for direction.
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