USD Index appears slightly offered near 103.00 ahead of FOMC – by pabspiovano DollarIndex Currencies Majors Fed
The Fed is largely expected to hike rates by 25 bps., which gauges the greenback vs. a bundle of its main competitors, trades within a tight range and keeps business near the 103.00 region on Wednesday.The index looks weak in the wake of the opening bell in the old continent and hovers around the 103.00 neighbourhood against the backdrop of rising cautiousness among investors ahead of the FOMC gathering due later in the NA session.
In the meantime, diminishing banking jitters continues to lend support to the risk complex and keeps the price action around the buck depressed for the time being, or at least until the interest rate decision by the Fed. Now, the index is retreating 0.06% at 103.15 and the breach of 103.00 would open the door to 102.58 and finally 100.82 . On the other hand, the next resistance emerges at 105.88 seconded by 106.61 and then 107.19 .Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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