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U.S. Dollar Trading (USD) eased on Monday ahead of the FOMC rate decision later this week, underlining the expectations for U.S. interest rates to fall this year as rates in other major economies climb higher. While the Federal Reserve is seen holding rates at 5.25% after its meeting on Wednesday, analysts say officials may concede signs of slower U.S. growth after recent data revealed lackluster job growth in April. In U.S. share markets, the NASDAQ fell by 1.2 points (-0.04%) whilst the Dow Jones climbed by 48.35 points (+0.36%). Crude Oil fell by US$0.84 to US$61.90 a barrel.
U.S. Dollar Trading (USD) eased on Monday ahead of the FOMC rate decision later this week, underlining the expectations for U.S. interest rates to fall this year as rates in other major economies climb higher. While the Federal Reserve is seen holding rates at 5.25% after its meeting on Wednesday, analysts say officials may concede signs of slower U.S. growth after recent data revealed lackluster job growth in April. In U.S. share markets, the NASDAQ fell by 1.2 points (-0.04%) whilst the Dow Jones climbed by 48.35 points (+0.36%). Crude Oil fell by US$0.84 to US$61.90 a barrel.