The greenback staged a rally before the Fed’s meeting that will likely give ore hints regarding the interest rate trajectory, on the other hand the ten plunged following alleged intervention.

The dollar index that gauges the greenback versus its major pairs edged up by 0.3% at 105.780, gearing towards touching gain around 1.4% in April
The appetite on greenback increased in April as a slew of higher than anticipated Us inflation figures drove traders to discount their predictions for early rate cut.
The central bank in the US is predicted on a broad scale to maintain hiked interest rate for extended period at levels between 5.25%-5.5%.

Investors will be anticipating hints on whether Fed still have intentions to trim interest rate early, the first projected trim predicted to be in March, then June and currently September.

EUR/USD slumped by 0.2% to 1.0702, battling the robust greenback despite figures revealing higher-than-predicted growth in German retail sales in March.

GBP/USD dipped 0.2% to 1.2534, plunging amid solid greenback, with the pound poised to drop around 0.7% this month.

USD/JPY advanced by 0.4% to 156.88, with the yen tumbling a bit versus dollar following  the earlier session’s sharp gains that seemed like government intervention.