Dollar Steady Ahead of Federal Reserve Policy Statement and Powell's Speech

According to ChainCatcher, the dollar remains stable ahead of the Federal Reserve's policy statement and the speech by U.S. Federal Reserve Chair Jerome Powell. Market expectations indicate a 90% probability of a 25 basis point rate cut by the Federal Reserve on Wednesday, with forecasts suggesting two more rate cuts next year. Joseph Dahrieh from Tickmill noted that any signals from Powell indicating a preference for a more dovish policy path could exert downward pressure on the dollar and long-term yields.