USD Index wobbles around the 102.00 region ahead of FOMC event

Other than the FOMC gathering, it will be an interesting session data wise in the US economy, as MBA Mortgage Applications are due, seconded by the ISM Manufacturing, JOLTs Job Openings, the ADP report, final Manufacturing PMOI and Construction Spending.The dollar gave away almost all of Tuesday’s gains and returned to its comfort zone around the 102.00 yardstick ahead of the Fed’s meeting later on Wednesday.

On the latter, the tight labour market and the resilience of the economy are also seen supportive of the firm message from the Federal Reserve and the continuation of its hiking cycle.: MBA Mortgage Applications, ADP Employment Change, Final Manufacturing PMI, ISM Manufacturing, Construction Spending, FOMC Interest Rate Decision – Initial Jobless Claims, Factory Orders – Nonfarm Payrolls, Unemployment Rate, Final Services PMI ISM Non-Manufacturing .

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