Most currencies were broadly range-bound ahead of today’s FOMC monetary policy announcement in which the Fed is widely expected to lift the federal funds rate for the first time in nearly a decade. The following is a round-up of of the views and strategies on trading the USD going into the event. Barclays: USD: Finally...Ready For Departure (see here for full story). The expected path of the hiking cycle will ultimately determine USD price action, not the first increase, which is already widely anticipated. Although we think that the USD should outperform in the medium term, we would not position for Wednesday’s ... (full story)