The US dollar paused its upward momentum just below the 99.00 level as global markets awaited the Fed’s policy decision. Expectations are high for the Fed to keep interest rates unchanged, but investors are eager for clues about future rate cuts amid mixed economic signals in the US. The release of Q2 inflation data and the NFP report will be key indicators of the economy’s strength. Political pressure from President Trump adds to uncertainty, while ongoing trade discussions with China and the EU influence market sentiment. The Fed’s decision today could have a significant impact on the dollar’s direction and global markets.

Read more at Investing.com: US Dollar: All Eyes on Powell’s Post-Decision Tone for the Next Move