USD: Calm before the storm as markets cautiously await Fed, Trump tax pitch - ING

Sandeep Kanihama FXStreet Contributor

In view of Viraj Patel, Research Analyst at ING, it’s a fairly quiet day in the US ahead of tomorrow’s FOMC meeting, Trump tax pitch and Alabama election.

Key Quotes

“There is US PPI data to note – with the core figure expected to remain at multi-year highs around 2.4% YoY (albeit base effects). We look for fairly range bound activity in USD pairs, with DXY muted below 94.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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