The dollar remained strong throughout yesterday ahead of the Federal Reserve’s meeting, which is due to take place today. Durable goods orders came in better than expected yesterday, providing optimism that comments from officials will be ‘less dovish’.
The Fed are expected to keep rates on hold, but words from Chair Jerome Powell could potentially impact the greenback.
Investors are still choosing safe-haven currencies due to the coronavirus, which has also given the dollar a boost. The death toll has reached 106 and there have been questions over whether the virus can be contained.
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