The dollar traded sideways in narrow ranges as investors await the outcome of the FOMC meeting today in the afternoon. The pressure from US President Trump to stop the path of rate increases will be the outcome that investors will vote for and a surprise move for more rate increases will likely have a negative markets effect. Global equity markets traded again in very narrow ranges yet closing in positive territory while OIL traded sideways ahead of Oil Inventories number today. Gold was flat ahead of the FED decision today, closing at 1201$ per ounce.
Oil Inventories at 3 pm and the FOMC Meeting at 7 pm are the important news on the agenda Wednesday.
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