Dollar still in the defensive ahead of the Fed.
The dollar held near the recent lows against the yen and the euro, but there was no trigger to break those levels ahead of the Fed. Sterling is fighting an uphill battle, too. EUR/GBP is nearing the 0.8711 resistance. The Fed statement and the US Q2 GDP probably won’t bring big support for USD, but the US data later this week might be more supportive.
Read the full report: FX Daily
KBC