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Greenback Remains Weaker Post US CPI and Pre-FOMC

  • The greenback trades a touch weaker ahead of the Fed decision, with markets still mulling over Tuesday's lower-than-expected CPI release before Powell's press conference later today.
  • The Fed are expected to slow their pace of tightening to a 50bps clip today, with eyes turning to the potential for messaging on 2023 policy through the Summary of Economic Projections and Powell's presentation.

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