Special report: FOMC Preview – The Fed’s Trend
There has been a very clear and unsettling trend at the Fed for many years now, dating well back into Ben Bernanke's tenor as Fed chair. This trend is a direct product of the financial markets crisis of 2008 and all of the uncertainty that has filtered into the global economy as a result.
Next 24 hours: Weak Data Opens USD Drop Ahead of Fed
With both first tier US readings disappointing on Wednesday, the market didn't want to wait for the Fed decision to start making moves, committing to a fresh wave of broad based US Dollar selling which fueled the Euro to a fresh 2017 high just shy of 1.1300 before settling down ahead of the Fed event risk.