It was the quietest of days for the US dollar, likely to be the calm before the storm with the interest rate decision tomorrow.

In reality, it is more the commentary from the FOMC signposting future monetary policy decisions that is likely to affect exchange rates.

Before that, however, there will be some data on the housing market today, with building permit data.

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.

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