Dollar was steady as investors focused on the Fed's Wednesday rate decision.
LSEG shows roughly a 90% probability of a hold. With a pause almost fully priced
in, investors will hunt for any signal of future hikes and FX reaction will
hinge on the tone of the Fed statement, Monex Europe says. The Fed may keep open
the possibility of a December hike without explicit guidance. If Fed chair KEVIN
WARSH signals that higher yields have sufficiently tightened financial
conditions, December-hike pricing could be reversed and the dollar could weaken.
