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Preview for September FOMC Decision & Outlook for USD-pairs
• Low volatility persisting across USD-pairs ahead of FOMC meeting; DXY Index continues its drift lower away from its daily 21-EMA. • Key feature of today's FOMC rate decision will be whether or not the balance sheet normalization process commencement is announced; if so, the US Dollar may find some desperately needed support. The most important event of the week for the US Dollar - and all of FX markets - comes today when the Federal Reserve meets for its September policy meeting, one of the four meetings per year that produces a new summary of economic projections (SEPs) containing the infamous 'dot plot,' as ... (full story)
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