Dollar holds steady ahead of Fed meeting — Reuters

According to Reuters, on Wednesday, the dollar remains stable ahead of the announcement of the Federal Reserve (Fed) on interest rates. Market participants expect to receive updated estimates of the national regulator's monetary policy within the current economic situation. Moreover, attention can be drawn to the recent capital outflow from American assets by Asian investors.

Last week, the weakening of US currency selling was observed due to its withdrawal by market participants from all over the world. The dollar index also showed no significant changes after falling by 0.2% on Tuesday, demonstrating the third consecutive decline.

Reuters analysts also forecast that the chairman of the Fed Jerome Powell is going to declare maintaining of the key interest rates at the same level. In their opinion, the regulator is likely to resume the monetary policy easing cycle in July. However, the persistence of high inflation may become an obstacle to this.