The dollar was mostly lower against major currencies on Tuesday, ahead of the Federal Reserve's monetary policy announcement. The Fed is scheduled to state its policy tomorrow, at the conclusion of its two-day meeting.
The Fed is unlikely to announce any significant policy changes, although traders are still likely to pay close attention to the central bank's assessment of the economic outlook. There are some expectations that the bank will announce some more stimulus plans to help the economy stage a fairly quick recovery.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.