Dollar Slides Before Fed Meeting

The dollar, which rebounded since last Friday as economic reports did not reflect a favorable situation in Asia and Europe, declined slightly versus the euro today, before tomorrow’s Fed Meeting.
The Federal Reserve is due to meet to tomorrow and will probably declare that benchmark interest rates in the United States will remain low, affecting the greenback outlook today versus multiple main traded currencies, as low interest rates are always negative for investors to purchase assets in a country.
EUR/USD traded at 1.4222 as of 17:21 GMT from a previous rate of 1.4100 six hours earlier.

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