Forex Today: It's all about the Fed – by eren_fxstreet Currencies Majors Macroeconomics Commodities Fed
The Fed is widely expected to raise its policy rate by 75 basis points following the two-day policy meeting. On Tuesday, the data from the US showed an unexpected increase in JOLTS Job Openings in September and the ISM reported that manufacturing activity continued to expand in October with the Manufacturing PMI arriving at 50.2. The upbeat US data helped the dollar find demand and the, which dropped to a daily low of 110.70, ended up closing the day flat above 111.00.
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