Demand for Higher Risk Currencies Underpin Equities
The U.S. Dollar is trading weaker against most majors this morning ahead of this afternoon’s Fed announcement. Volume is expected to be light, but traders should expect increased volatility because of thin trading conditions. The big mover overnight is the September British Pound. After an early sell-off on Tuesday morning, the Sterling righted itself following the U.K. budget announcement. Going into the meeting there appeared to be uncertainty. Following the announcement, investors
