The Federal Open Market Committee (FOMC) interest rate decision may rattle the recent rebound in EUR/USD as the central bank is widely expected to raise the benchmark interest rate to a fresh threshold of 1.50% to 1.75%, but a dovish rate-hike may produce headwinds for the greenback as it dampens the scope for a more aggressive hiking-cycle.Market participants are likely to pay increased attention to the updated forecast coming out of the FOMC as the committee appears to be on track to further normalize monetary policy over the coming months. Chairman Jerome Powell and Co. may continue to prepare U.S. households and ... (full story)