It's been a see-saw of a day for the USD - with relatively tight ranges though

The dollar is back it seems. This of course comes after the news that Democrat Doug Jones won the Alabama voting earlier in the day.

EUR/USD is back down to 1.1742 - unchanged on the day. Meanwhile, the AUD and NZD all gave back gains against the dollar as well.

Other major pairs have also seen their gains cut back to being almost unchanged on the day against the greenback.

Before the FOMC meeting later today, we're going to have US CPI numbers due as well. That will be one to look out for as it may tamper with market expectations ahead of the FOMC meeting.

Yesterday, we got US PPI numbers here - and they came in above expectations - which may be suggestive of a pickup in inflation if you want to believe in it.