Uncertainty over the Trump administration’s policies was expected to weigh on the dollar in the near term, OANDA senior trader Stephen Innes told CNBC.
Market sentiment was also likely to remain subdued as investors awaited risk events, such as the outcome of the Federal Open Market Committee (FOMC) meeting and release of U.S. second-quarter GDP, due later in the week, Innes said. Particularly of note would be the Federal Reserve’s outlook on inflation, he added.
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