The dollar is stronger against a basket of currencies this morning after weakening initially following the Federal Reserve’s monetary policy announcement.
The Fed announced that it would taper its huge $120 billion monthly bond-buying program by $15 billion initially, as widely expected. However, Fed Chair, Jerome Powell, said that they would be ‘patient’ on deciding to raise interest rates.
Balance of trade figures will be released for the US today, followed by Non-Farm Payrolls tomorrow.
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