The USD is lower to start the US session with declines vs the EUR and CHF leading

The USD is lower vs all the major currencies to start the trading day and one day ahead of the FOMC rate decision. Trump nominee for FOMC board Stephen Miran was approved and will participate in the FOMC rate decision culminating with the decision at 2 PM tomorrow. The expectations is that he would dissent for a larger cut than the expected 25 basis points. Miran has also advocated for the benefits of the US dollar moving lower for manufacturing. That may be a little bit of what were seen in trading today. ...