US Dollar rises as market awaits FOMC clues

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On Tuesday, the US Dollar Index (DXY) saw an upward trend toward the 105.36 area.

USD sees continuous rise with keen eye toward FOMC meeting, prolonging its third consecutive day of gains. US economic outlook remains strong and investors await fresh economic forecasts from the FOMC. Markets anticipate hawkish tone on Wednesday’s Fed decision. On Tuesday, the US Dollar Index saw an upward trend toward the 105.36 area. The session won’t provide any highlights as cannons are pointing to Wednesday’s session.

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