The dollar was still weak yesterday due to a strong euro and ongoing trade war uncertainty. There have been reports that the round of tariffs expected on the 15th of December could be delayed, which would allow more time to work on a phase one deal. However, this has not yet been confirmed.
Today, we’ll see inflation rate data for the US and the conclusion of the Federal Reserve’s two-day policy meeting, which will reveal their stance on interest rates. They are widely expected to keep rates on hold after cutting them three times this year.
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