XE Market Analysis: USD Rallies then Falls Ahead of FOMC Meetings on Wednesday

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OVERVIEW

  • Interest rate announcements are on the docket this week from the UK and Japan
  • Fed meetings starting on Wednesday expected to focus on US-China trade and tariffs and setting the groundwork for lowering interest rates.
  • The Bank of England is expected to hold interest rates. even as economic growth weakens and inflation exceeds targets

HIGHLIGHT