The dollar is slightly weaker this morning ahead of the Federal Reserve’s interest rate decision and press conference later today.
The interest rate is expected to be kept on hold and it’s thought that Fed Chairman, Jerome Powell will renew his commitment to ultra-easy monetary policy and retain a cautiously optimistic tone. The Fed remains optimistic that the US economy can grow by 5% this year.
Durable goods orders for the US will be released later today, which are expected to have increased in December by 0.9%.
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