USD holding ground ahead of the Fed -The......>

FOREX: USD holding ground ahead of the Fed

-The greenback sits in the middle of the G10 FX table so far Wednesday, with

markets sitting on their hands ahead of the key FOMC rate decision due later

today. US Treasury yields sit slightly higher, but the 10y yields remain close

to cycle lows printed yesterday at 2.0148%. The more muted traded seen so far in

Europe is likely to persist through to the decision itself at 1900BST/1400ET.

Powell's press conference follows at 1930BST/1430ET.

-USD/CNH holds most of the losses suffered yesterday, despite Trump warning that

the US will have a "fair deal with China or no deal at all". The rate briefly

dipped below the Cnh6.90 for the first time since late May but has since

recovered slightly.

-GBP benefited marginally from the 0.1ppt beat on core CPI for May, but focus

remains on politics with the Conservative leadership line up whittling down

further later today.

-Other than the Fed decision itself, Canadian CPI is also due and ECB's Draghi

gives closing remarks at the Sintra policy forum at 1500BST/1000ET.