Dollar Steady Ahead Of FOMC Meeting Today

Fundamental analysis of Forex market

The US dollar, which was trading subdued the past few days held steady ahead of the FOMC meeting today. The Fed will be releasing its economic projections and dot plot summary alongside the press conference.

The US factory orders report released on Tuesday showed a 0.1% increase in January while durable goods orders rose 0.3% in January. A minor risk-off sentiment continues in the markets, with US bonds prices dipping lower.

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