The dollar is stronger against a basket of currencies this morning ahead of the Federal Reserve’s FOMC meeting later this week.
During the meeting on Wednesday, we will hear Fed official’s latest thoughts on tapering monetary policy and economic projections. The release of economic data and comments from Fed officials over the past few weeks have caused investors to speculate over when the Fed will exit its ‘ultra-easy’ stance to monetary policy.
It’s a fairly busy week for economic data in the US, with retail sales due tomorrow and employment figures on Thursday.
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