Markets Await Fed Decision Amid Softer Dollar and Lower Inflation Expectations

Global markets are on high alert 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 has provided support for several major currencies, while Australia's lower-than-expected inflation data reinforced expectations of a less aggressive policy stance from the Reserve Bank of Australia.

Meanwhile, 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.