The greenback attempts some consolidative move in the low 105.00s when measured by the USD Index (DXY) ahead of the opening bell in Euroland on Wednes
The FOMC meeting will take centre stage later in the session.The greenback attempts some consolidative move in the low 105.00s when measured by theThe index extends the side-lined trade above the 105.00 hurdle amidst scarceThat said, further range bound remains well on the cards in the next hours ahead of the key FOMC event due in the European evening.
In the US data space, usual weekly Mortgage Applications tracked by MBA are also due later in the session.The 105.00 zone so far emerges as a decent contention area for occasional bearish attempts in the index. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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