The FOMC decision is due at 2 pm ET (1900 GMT)
Morgan Stanley: Fully Flexible Fed, We Continue To Buy USD Dips.
Today’s release of the Fed statement will be in focus. If the Fed wants to remain fully flexible it may need to increase, via its communication, the market probability of seeing the Fed acting in the spring. Hence, the USD will remain within a whipsawing environment in which we continue buying the dips.
