The US dollar was extremely weak today, waiting for the monetary policy decision of the Federal Reserve. Economic data released on Tuesday in the United States missed market expectations, giving no help to the US currency.
The US Census Bureau reported that factory orders rose 0.1% in January, the same as in December. Markets were expecting a slightly bigger increase by 0.3%.
The Fed started its monetary policy meeting today and will conclude it and announce decision tomorrow.
EUR/USD advanced from 1.1335 to 1.1351 as of 22:03 GMT today, and its daily high was at 1.1361. USD/CHF dropped from 1.0012 to 0.9991.
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US Dollar Weak, Anticipating Fed Policy Decision
