The dollar is edging higher against a basket of currencies this morning ahead of the conclusion of the Federal Reserve’s latest monetary policy meeting today.
The Fed is expected revise its economic forecasts to include stronger economic growth due to the speeding up of the US vaccination program and the new $1.9 trillion stimulus bill. However, it is thought that they will maintain their stance towards monetary policy.
Fed Chair, Jerome Powell, could also comment on the recent rise of bond yields and projections for future interest rate hikes.
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