USD INDEX REGAINS TRACTION AND RETESTS 105.20
The index rebounds from recent lows near 105.00.
Markets’ appear side-lined ahead of the FOMC gathering.
The US housing sector will be in the limelight later in the session.
The greenback, when tracked by the USD Index (DXY), reverses part of the pessimism seen at the beginning of the week on Tuesday.
USD Index looks well supported around 105.00
The index picks up traction and leaves behind two consecutive sessions of losses on turnaround Tuesday.
In the meantime, the dollar appears well underpinned by the 105.00 neighbourhood for the time being, while the cautious trade is expected to prevail until at least the FOMC event on Wednesday.
On the latter, consensus among investors sees the Federal Reserve keeping its interest rate on hold, although the bank’s forward guidance is seen taking centre stage at Powell’s press conference
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