FXstreet.com (Barcelona) - U.S. markets are little moved at opening times on cautious trade as investors remain expecting the Federal Reserve's statement to draw conclusions about the pace and strength of economic recovery. The Dollar remains trading near year low levels.
Dow Jones Index remains practically unchanged from opening levels and the same accounts for the S&P Index, while the Nasdaq Index trades 0.2% up in the first hour of trading.
Investors focus on Fed's statement, since interest rates are going to remain at 0.25%, for signals about the improvement of the economic outlook and its plans about withdrawing the massive economic support put in place to stabilize financial markets.
Dollar, steady near year lows
EUR/USD has retreated from 1.4840, fresh 2009 high during European session to levels below 1.4800 and setting an attack to high at 1.4765 support (September 17 high) at the moment of writing.
GBP/USD rally from 1.6132 low on September 21 has stalled at 1.6450 high and the Pound remains remains consolidating between the mentioned high at 1.6400 support on the downside, ahead of the Fed.
USD/JPY has picked up during the day after decline from 92.50 high on September 21 found support at 90.45, and the Dollar has reached levels above 91.00 to trade around 91.45 at the time of writing.