USD: Arm float boosts Wall St ahead of Fed rate decision

The dollar had a positive day against the pound and euro, while slipping back against the Canadian and Australian dollars.

The success of the Arm flotation yesterday on the Nasdaq augurs well for Wall Street and the IPO (Initial Public Offering) market.

The big data event of the day is Michigan Consumer Sentiment. No, not the opinions of shoppers in the US’s 10th largest state, but a nationwide survey of consumers’ optimism or lack of it. It may well be considered by embers of the FOMC ahead of the Fed’s interest rate decision on Thursday.

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