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USD ahead of Fed meeting: market seeks direction, not decision
Ahead of the Federal Reserve's two?day
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Ahead of the Federal Reserve's two?day meeting on January 27–28, the dollar arrives in a state that is simultaneously calm and potentially unstable for markets. The formal interest rate decision is barely in dispute: consensus expects the policy rate to be left in the 3.50–3.75% range. That means the mere fact of the decision is already priced in and is unlikely to be a new impulse for the dollar. However, such moments are often the most sensitive — when the
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