XE Market Analysis: Greenback Trades in Negative Territory Ahead of Fed Meeting

OVERVIEW

  • The Dollar Index is lower against G-10 peers amidst growing trade tensions
  • The Euro is trading near a 3-month high following hawkish comments from ECB President Draghi 
  • Still no breakthrough on NAFTA with talks reopening Wednesday
  • Oil futures move higher, up 45 cents on the day to trade near a 4-year high

HIGHLIGHT