The dollar is still strong this morning as the markets now await the Federal Reserve’s latest monetary policy meeting, which is due to take place next week.
The meeting will be watched closely for any signs of when the Fed will start to withdraw monetary stimulus, as well as when interest rates could be hiked. This comes amid growing support from policymakers to taper monetary policy from this year.
Retail sales figures for the US will be released later today, expected to fall by 0.8%. Any surprises could have an impact on the dollar and the Fed’s rhetoric next week.
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