FX Update: Dissonance across markets ahead of FOMC
Markets are trying to stabilize and recover from coronavirus fears, with major equity markets in a buoyant mood once again, while commodities markets and some currencies have yet to show much of a sigh of relief. Meanwhile, we have an FOMC meeting dead ahead, with the USD perched on the edge of breaking stronger and the focus on how the Fed will treat its balance sheet growth from here.
