The dollar has edged slightly higher this morning against a basket of currencies but remained near multi-week lows ahead of the Federal Reserve’s two-day monetary policy meeting.
No changes to policy are expected at the meeting, but the markets will be looking out for comments from Federal Reserve Chair Jerome Powell. He is likely to face questions about whether the improving US economy means that monetary policy can be withdrawn.
The meeting will conclude in a press conference tomorrow evening.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
