Flash: USD stable ahead of FOMC - BTMU

FXstreet.com (London) - Lee Hardman, strategist at the Bank of Tokyo-Mitsubishi UFJ, Ltd explained that the US dollar has continued to remain relatively stable ahead of the latest monetary policy announcement from the Fed tomorrow.

Key Quotes:

“The dollar index is holding just above support from its 200-week moving average which has provided strong support over the last couple of years”.

“Economic data releases ahead of the FOMC have continued to reveal that cyclical momentum is strengthening in the US”.