US dollar firms with US equities set to open higher

The US dollar is higher by around a dozen pips in the past few minutes as we count down to the US equity open. S&P 500 futures are up 9 points and volatility may be low as we await the 2 pm ET FOMC decision.

I wouldn’t expect a big change in tone from the Fed but they’re likely to highlight uncertainty and indicate they’ll be watching from the sidelines for a couple months (at least).

A dip in cable towards the session low highlight some minor USD buying.

This article was written by Adam Button at www.forexlive.com.