The risk following the FOMC’s upcoming statement would likely be for a dollar rally, says Andrew Busch of BMO. While the market widely expects little news out of the statement, he notes complacency surrounding it could shift to a pro-dollar view if policymakers acknowledge the drop in the unemployment rate or improved housing data. Such a move could be especially apparent against the euro because the Fed taking notice of improved US data would further draw a differentiation with the euro zone, which just got another batch of disappointing numbers.