The dollar has edged lower against a basket of currencies this morning following the conclusion of the Federal Reserve’s monetary policy meeting yesterday.
As expected, the central bank confirmed that it would accelerate it’s the tapering of its bond buying programme, aiming to end this by March. This will then pave the way for an interest rate hike by the end of 2022.
The greenback strengthened initially before weakening again. Today, there will also be PMI data for the US.
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