We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
|The Federal Reserve is expected to raise interest rates at least three times this year. The firm economic growth and inflation in the United States give the central bank reasons to increase the interest rate this time. If the Fed raises the rate, it will support the dollar that has been suffering for a long time. On the other hand, the absence of a rate hike will be a big disappointment and lead to a selloff in the USD. The Fed’s decision will be known at 20:00 MT time. Press conference of the Fed’s Chair Jerome Powell will start at 20:30 MT time.|
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.