Market Comment | The USD remained steady ahead of today’s FOMC decision

Summary

Mild movements in markets awaiting news from the two-days trade talks between the US and China which began today. The optimism about a deal is partially offset by fears of escalating US tariffs on Chinese goods in early March if a trade truce fails. Apart from this, the Fed’s policy decision will be announced later today, in which we do not expect any change in rates.

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