The US dollar index maintained its gains around 99.50 ahead of the Federal Reserve's decision, awaiting Powell's speech
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The US dollar index remains around 99.50 ahead of the Federal Reserve's interest rate decision, with the market expecting the Fed to keep the benchmark interest rate unchanged at 4.25–4.50%. Despite the US economy contracting in the first quarter, inflation indicators show easing price pressures, and investors are increasingly concerned about the possibility of an economic slowdown. Meanwhile, a high-level meeting between the US Treasury Secretary and the Chinese Vice Premier will take place this weekend, amid escalating global trade tensions
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