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Will the Fed Talk the Talk?
With the outcome of the FOMC meeting awaited, the dollar is narrowly mixed in quiet turnover. The Scandis are the weakest (~-0.3%) among the majors, while the Antipodeans are the strongest (~+0.25%). JP Morgan's Emerging Market Currency Index is snapping a three-day decline. Equity markets are mixed, with the MSCI Asia Pacific Index succumbing to profit-taking after a four-day rally. Europe's Dow Jones Stoxx 600 is edging higher for the ninth consecutive session, setting new record highs along the way. US futures indices are little changed. The US 10-year yield is hovering just below 1.50%, and European yields are ... (full story)
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