It was a quiet day for the US dollar on Monday, with no data releases. We did experience some movement, but this would have been in anticipation of Wednesday evening’s US Federal Reserve interest rate decision. The expectation is that the US will raise rates; however it is the minutes that follow that will be important as a gauge to how quickly they are likely to raise rates in the coming year.
Tuesday will see the release of Consumer inflation, which is expected to remain flat. Markets are expected to remain uncertain in the run-up to the central bank rate decision on Wednesday.