The US dollar is strengthening against other major currencies, as illustrated by the US Dollar Index, which is up by roughly 0.1% during early Wednesday trading.
Judging by the greenback’s performance it is clear that investors don’t expect the US Federal Reserve to deliver any surprises at their January meeting, which occurs later today, with the consensus that the Fed will keep interest rates unchanged. The US economy continues to display signs of vitality with the latest survey of US consumer confidence showing its highest reading since August 2019.
