FOMC: sideways trading until meeting - UOB

FXStreet (Guatemala) - Analysts at UOB Group noted the FOMC meeting that is approaching and are bearish on the greenback.

Key Quotes:

"As we approach the FOMC meeting next week, we continue to expect no policy action from Fed this month, with the rate hike likely to come in the Dec meeting instead.

With limited policy-critical economic data and the Fedspeak blackout which started today, we are likely to see sideways trading for USD, both in G10 and Asia EM leading up to the meeting."