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Forex

Dollar Declines as Crude Oil Rises Ahead of Fed Decision

Guavy AI Editorial Team
Instruments
USD
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The US dollar is trading lower at 101.235 as of September 26, while crude oil prices are higher at $82.70.

Fed Funds Rate and FOMC Statement will be released at 2 PM EST today, followed by a press conference at 2:30 PM EST.

The S&P 500 emini ES contract is trading higher at 7482.25, but gold prices are lower at $4032.70.

A trader notes that the market is not correlated, as the dollar's decline does not align with the expected increase in bond prices and the rise in crude oil prices.

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