Fed Expected to Hold Rates Steady, Hawkish Stance May Boost Dollar: BBH
Brown Brothers Harriman expects the FOMC to keep rates unchanged at 3.50%–3.75% for a fifth meeting, which could provide support for the U.S. dollar.
DXY
Brown Brothers Harriman strategist Elias Haddad expects the Federal Open Market Committee to leave the federal funds target range unchanged at 3.50%–3.75% for a fifth consecutive meeting.
Haddad suggests that a hawkish hold — where the central bank maintains a restrictive bias while pausing — may help restore support for the U.S. dollar.
Source: FXStreet Forex News