Markets Await FOMC Decision on Monetary Policy

Forex News

Markets remain focused on the meeting of the US Federal Reserve. It is expected, that the monetary policy of the bank will remain unchanged with an interest rate of 1.00% -1.25%. The news that the Republican Senate had enough votes to open a vote on health issues has revived some optimism for the US dollar.

Oil prices rose by 3.054%. WTI crude oil is trading at $47.62 level. Saudi Arabia announced a further reduction in oil exports.