USD: Calm before the storm as markets cautiously await Fed, Trump tax pitch - ING

In view of Viraj Patel, Research Analyst at ING, it’s a fairly quiet day in the US ahead of tomorrow’s FOMC meeting, Trump tax pitch and Alabama election.

Key Quotes

“There is US PPI data to note – with the core figure expected to remain at multi-year highs around 2.4% YoY (albeit base effects). We look for fairly range bound activity in USD pairs, with DXY muted below 94.”