The dollar remains at fairly strong levels against a basket of currencies ahead of the Federal Reserve’s monetary policy meeting this week.
The two-day meeting will conclude on Wednesday and whilst a change in policy is not expected, the markets will be listening out for any clarity over when the Fed will start to taper its monetary policy programme. It’s thought that tapering could begin as earlier as the fourth quarter of this year.
There will also be several important data releases for the US this week, including GDP figures on Thursday.
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