According to PANews, UniCredit Bank’s foreign exchange analyst Roberto Mialich has indicated in a report that the Federal Reserve is anticipated to keep interest rates unchanged on Wednesday. This decision is unlikely to provide significant support to the U.S. dollar. Mialich noted that Federal Reserve Chair Jerome Powell had previously stated in a speech last month that the central bank would wait for clearer information on how tariffs might impact the economy and inflation.
The dollar index remains weak, and the options market continues to show a preference among investors for betting on a decline rather than an increase in the dollar’s value. UniCredit Bank forecasts that the euro and the U.S. dollar will continue trading around the 1.13 mark. Read More (Note: This news is imported from Binance news)
