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Dollar off ahead of FOMC, euro firm as Dutch election kicks off

Published 15/03/2017, 07:59
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Investing.com - The dollar was lower Wednesday ahead of the FOMC meeting.
The dollar index was off 0.22% at 101.40 at 03:30 ET. It was off 0.02% at 114.73 yen.
The Fed is expected to raise its target rate by 25 basis points. The odds of a hike stand at 90.8%.
The focus will be on Chair Janet Yellen's comments on the economy and the Fed's "dot-plot."
There is an outside chance Fed members will signal up to three more hikes this year after raising Wednesday.
The pound recovered the $1.22 mark as a poll showed Scots' support for independence at 46%.
The euro was higher against the dollar ahead of the outcome of the Dutch elections.
The elections are seen as a gauge of the strength of the wave of populist, anti-EU sentiment in Europe.
Anti-Islam candidate Geert Wilders advocates pulling the Netherlands out of the EU.
Wilders is tipped to vie for first place in the election with Liberal Prime Minister Mark Rutte.
The most likely outcome is a negotiated center-right coalition that excludes Wilders' Freedom Party.

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