FOMC Meeting Preview

The highly anticipated FOMC Meeting concludes on Wednesday, with traders around the world focused on the interest rate decision, and Fed Chairman Powell’s accompanying press conference.

Last week’s above-forecast US CPI print has stoked speculation on the possibility of an even more hawkish Fed. While a 100bps rate hike at this week’s meeting looks unlikely, the central bank could be looking at extending the length of their hiking cycle into the new year.

Could this help the US Dollar Index extend its gains and break its resistance:

Check out this FOMC Meeting preview for an insight into what to expect and how the greenback could react:

Currently, at 4.a.m. BST, the Asian markets are selling the USD against ALL the other majors.

Many popular pairs are trading this way and might carry over to next week.