Dollar Softer, Markets Hold Breath Ahead of Fed Decision

Global markets were cautious ahead of the Federal Reserve's highly anticipated policy decision. Investors are reassessing inflation trends and central bank expectations across major economies.

A softer US Dollar provided support for several major currencies, including the Australian Dollar, while Australia's lower-than-expected inflation data reinforced expectations of a less aggressive policy stance from the Reserve Bank of Australia.

Traders closely monitored developments from the Eurozone, the United Kingdom, Canada, and China as monetary policy continued to drive sentiment across the foreign exchange market.