The markets are all in countdown mode ahead of today’s Fed announcement (2:00pm Eastern) surrounding the anticipated 25bp hike in s/t interest rates.
The FX markets are again focused on the volatile/slightly recovering crude oil market ahead of tomorrow’s Fed announcement surrounding U.S. interest rates.
ongoing slide in energy prices was the main driver overnight, with crude
testing the $36/bbl mark to bring the total losses since last Friday's OPEC
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