The Calm before the storm, is how the behaviour of the Dollar and the Euro can be described this Tuesday, as investors are now sitting back awaiting the FOMC’s meeting tomorrow, which should provide clarity on the forward guidance for the Federal Reserve’s future monetary policy.
After yesterday’s losses, on the back of a risk-off wave triggered by the attack on Saudi oil installations, the Euro is following the general market trend and is pretty much flat against other major currencies. Despite the lingering geo-political instability, tomorrow’s meeting and the FED announcements are now the dominating force, when it comes to major currencies behaviour.
