The market is quiet leading into today’s FOMC meeting. The USD is mixed with the best performer NZD, up 0.1% and the worst performer NOK, down 0.2%; with most currencies relatively flat. Other markets are similarly quiet, content to ignore geopoliticalrisks, the impact of high oil prices, recent growth downgrades and diverging inflationary pressures in the advanced economies in favour of today’s FOMC risk.
Read the full report: FX Daily