XE Market Analysis: Markets on Hold As the US Fed Prepares to Update the Dot Plot

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OVERVIEW

  • The Dollar Index is trading flat ahead of this afternoon’s FOMC announcement

  • GBP/USD returned in negative territory after inflation rose slightly and investors wait to see if EU leaders agree to extend the Brexit calendar

  • NYMEX WTI waits for EIA inventory data to make the next move and is trading at $58.70 a barrel.