38 days ago • Posted by Paul de La Baume
#USD stays buoyant, awaiting for #Fed meeting #forex #markets
USD bulls are in an optimistic mood ahead of this week's key Federal Reserve meeting, with the USD index close to pushing higher. If expectations of a Fed faster to taper come good, that could stir up new bullish bets. The USD and the markets in general are in search of a catalyst to dive in either direction, with a high sensitivity to the message the Fed will communicate. High volatility has continued for risky assets as traders reduced their risk ahead of the key Fed meeting. A mix of Omicron news and year-end profit taking, most likely also played against risky assets.