Will the US Dollar Rise or Fall on FOMC?

The Federal Reserve holds their first 2021 FOMC meeting on Wednesday and based on the performance of US assets, investors don’t expect any surprises from the central bank. The rally in stocks and broad based decline in the US dollar are signs that investors are looking for steady policy. That means continued commitment to accommodation accompanied by an upbeat outlook for the second half recovery. Its no secret that December was tough – the US reported its first month of job losses since April, consumer spending dropped for the third month in a row and jobless claims spiked higher. New virus cases surged across … (full story)

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