The Federal Reserve's interest rate decision on Wednesday will take centre stage, with a widely anticipated 25-basis-point cut that could influence the dollar's trajectory.
While a hawkish tone might propel the greenback to multi-month highs, a dovish stance should place downward pressure on the currency, influencing market sentiment.
U.S. Treasury yields stabilized and could also react strongly to the Fed's press conference; 10-year yields hovered under 4.4% and could support the dollar if they rise.
Key U.S. economic data, including Q3 GDP growth and retail sales, as well as European indicators, are likely to add to market complexity this week.
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