Little change on the day as markets await the Fed
The dollar is holding steady on the day as market participants are waiting on the FOMC meeting later today before committing to any firm moves. Risk sentiment was more buoyant overnight as US-China trade developments took a turn for the better. That's lifting Asian stocks today but US equity futures are more flat on the session at the moment.
Treasury yields are slightly higher but nothing to suggest major changes to the risk mood currently as markets will likely stay in check up until the Fed later in US trading.
Looking ahead, we'll have a couple of economic data releases to move things along but none of which should really matter all too much in the grand scheme of things today. It's all about the Fed now and what message they will send out to markets later.
In particular for currencies today, there's a large handful of expiries for EUR/USD resting around 1.1190-10 so expect that to keep the price action in the pair anchored around current levels.
