Xe Market Analysis: The Currency Market Holds its Breath Ahead of a Key FOMC Meeting

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OVERVIEW

  • The US Dollar index waits for the US Fed decision on interest rates, with the Greenback down 0.2% vis-à-vis G-10 currencies
  • The GBP is ignoring Brexit chaos and is focused on the upcoming Bank of England interest rate decision
  • The price of a barrel of NYMEX WTI Crude crashes to $48.90, its lowest level since October 2017, down 19.23% year to date.

HIGHLIGHT