The U.S. dollar was flat against its rivals Tuesday as the Federal Reserve got its two-day meeting underway.<\/p>\n
The\u00a0<\/span>U.S. dollar index<\/a><\/span>, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.06% to 96.49.<\/p>\n The greenback remained well above session lows despite growing expectations the Federal Reserve will adopt a more dovish outlook on monetary policy in the wake of slowing global growth and trade tensions between the U.S. and China.<\/p>\n The Fed is expected to\u00a0<\/span>raise rates<\/a><\/span>\u00a0<\/span>on Wednesday, but signal fewer rate hikes for the upcoming year.<\/p>\n Nomura forecasts the dot plots, a chart of future interest rate expectations by Fed members, to show only two hikes are appropriate for 2019, below the central bank’s previous guidance of three hikes.<\/p>\n GBP\/USD<\/a><\/span>\u00a0<\/span>rose 0.19% to $1.2640, but eased from a session high of $1.2707 after the British government said it would ramp up preparations for a no-deal Brexit, which would see the U.K. leave the European Union without a trade agreement.<\/p>\n EUR\/USD<\/a><\/span>\u00a0<\/span>rose 0.20% to $1.1370 on the back of easing political uncertainty in the bloc as Italy agreed a deal with the European Commission over its 2019 budget, a spokeswoman at the Economy Ministry said on Tuesday.<\/p>\n USD\/CAD<\/a><\/span>, meanwhile, rose 0.54% to C$1.1348 as the loonie came under heavy pressure following a 5% plunge in oil prices amid fears of a glut in supply.<\/p>\n The yen, meanwhile, tacked on gains against the greenback as Wall Street gave up some early gains amid easing risk appetite.<\/p>\n USD\/JPY<\/a><\/span>\u00a0<\/span>fell 0.31% to Y112.48.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar was flat against its rivals Tuesday as the Federal Reserve got its two-day meeting underway. The\u00a0U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.06% to 96.49. The greenback remained well above session lows despite growing expectations the Federal Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1147","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1147"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1147\/revisions"}],"predecessor-version":[{"id":1148,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1147\/revisions\/1148"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}