The dollar is slightly stronger against the euro and a basket of currencies this morning ahead of the Federal Reserve’s interest rate decision today.
The central bank is expected to leave policy unchanged, so the markets will be looking out for any comments from Fed Chair Jerome Powell on withdrawing monetary support due to the improving US economy.
President Biden will address Congress later today. This will be his first address to a joint session of Congress and he is expected to comment on his first 100 days in office and his vision for the future. It’s thought he may elaborate on his plans for tax hikes.
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