The Fed is scheduled to announce its monetary policy decision at 2 p.m.
What emerges from the Fed meeting "is certainly going to chart the course for a lot, including the strength of the dollar," said Bill Northey, chief investment officer at the private client group of U.S.
economy isn't doing so badly, so anything is possible." The dollar resumed its drop against its Canadian counterpart after skidding to its lowest levels since late February in the wake of hawkish comments from Bank of Canada Governor Stephen Poloz, who signalled that the BOC could raise interest rates sooner than previously thought.
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