The dollar is hovering as the Federal Reserve gets ready for its two-day meeting.
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The dollar drifts as the Fed gears up for a rate hike
The dollar is ticking up slightly as the Federal Reserve gets ready for its 2-day meeting.
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The US dollar index is up by 0.2% at 101.58 as of 7:26 a.m. ET.
On Tuesday, the Federal Reserve will begin its two-day meeting. Markets have priced in a 100% probability of a 25 basis point rate hike, according to Bloomberg World Interest Rate Probability data.
Traders will be keeping their eyes on the Fed's dot plot.
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Separately, regarding US economic data, PPI will be released at 8:30 a.m. ET.
As for the rest of the world, here's the scoreboard as of 7:28 a.m. ET:
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