The greenback is trading broadly higher as the Federal Reserve gets set to begin its two-day meeting. The Fed is widely expected to deliver another “patient hold”. However, the market will be closely watching for the updated economic projections and looking for signs of future rates heading lower by the end of this year. FOMC members are hoping that the ongoing trade frictions between the US and several of its partners are contained, allowing for sustainable growth, without any prop from the central bank. The economic calendar is relatively thin today, and we expect the currency market to trade within recent familiar ... (full story)