The dollar is slightly lower against a basket of currencies this morning ahead of the conclusion of the Federal Reserve’s monetary policy meeting.
This evening, the minutes from the meeting and press conference are expected to reveal that officials will be ramping up the tapering of their bond buying programme and bringing forward their interest rate projections. The markets are expecting the bond buying to end around March.
There will be a series of economic data releases in the lead up to the press conference, including retail sales, which are expected to show a decrease in November.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 3918 7255 or your Private Client trader on 020 7898 0541.
