Anna 
The US Dollar (USD) maintains its resilience against other currencies, and economists at ING provide insights into the Greenback’s outlook ahead of the Federal Open Market Committee (FOMC) event.
As per the analysis, fading expectations of the first Federal Reserve rate cut in March are attributed to robust US economic data. The economists express the view that the Fed is in no hurry to implement a rate cut, and they anticipate a message of patience from the FOMC meeting.
Given the current economic backdrop and the anticipated stance from the Fed, the USD is expected to remain strong. The Dollar’s performance is projected to lead to trading within the upper range of 103.00-104.00 for the US Dollar Index (DXY). This outlook suggests that the USD is poised to stay bid in the near term, reflecting the prevailing economic conditions and the central bank’s approach. Traders and market participants are advised to closely monitor the FOMC meeting for any signals that could influence the USD’s trajectory.
