Dollar Slips as Traders Await Fed Decision
The US dollar index slipped to around 101.6 on Monday, extending its recent decline as investors awaited the Federal Reserve’s upcoming policy decision. The central bank is widely expected to leave interest rates unchanged before potentially raising them in December. Meanwhile, central banks in the Eurozone and Japan are also expected to maintain current rates, while policymakers in Canada and New Zealand are seen tightening monetary policy amid mounting inflationary pressures. Investors are also focused on key US economic releases this week, including PCE inflation data and preliminary third-quarter GDP figures, alongside earnings reports from major technology companies such as Amazon, Alphabet and Microsoft. These results could provide fresh insights into the strength of artificial intelligence demand, which has helped support US economic growth.
The US dollar index slipped to around 101.6 on Monday, extending its recent decline as investors awaited the Federal Reserve’s upcoming policy decision. The central bank is widely expected to leave interest rates unchanged before potentially raising them in December. Meanwhile, central banks in the Eurozone and Japan are also expected to maintain current rates, while policymakers in Canada and New Zealand are seen tightening monetary policy amid mounting inflationary pressures.
Investors are also focused on key US economic releases this week, including PCE inflation data and preliminary third-quarter GDP figures, alongside earnings reports from major technology companies such as Amazon, Alphabet and Microsoft. These results could provide fresh insights into the strength of artificial intelligence demand, which has helped support US economic growth.