USD Strengthens, Awaiting Fed Rate Decision The dollar rose against most major currencies in NY trading Tuesday on speculation the Federal Reserve will signal a pause in lowering interest rates at tomorrow’s FOMC rate decision meeting, and on increased concerns the US economic slowdown is spreading to other countries. The euro fell to a 3-week low as the Bloomberg European PMI dropped the most in more than four years in April. The Australian dollar declined as the NAB Australian business Read More...

Filed under: Technical