Dollar Retreats Ahead of Fed Meeting: Market Expectations and Technical Outlook for EUR/USD, GBP/USD, USD/CAD, and USD/JPY
The U.S. dollar has softened ahead of the Federal Reserve’s key policy decision, with traders awaiting guidance on interest rates and economic outlook. This shift impacts major pairs like EUR/USD, GBP/USD, USD/CAD, and USD/JPY as markets price in dovish signals amid easing inflation and sliding Treasury yields. Watch for Fed Chair Powell’s comments and the updated dot plot to steer direction in the days ahead.
