The dollar was still strong against most currencies yesterday, benefitting from its ‘safe-haven’ status due to the cautious market mood.
The big news today is the Federal Reserve’s latest monetary policy meeting, which concludes this afternoon. Investors will be looking out for any signs and comments surrounding the scaling back of the Fed’s bond buying programme, and how this compares to the rhetoric from other central banks.
Thus far, officials have said they are looking for “substantial further progress” with employment and inflation before beginning to taper monetary support.
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