Netherlands International: The Federal Reserve decision may test the resilience of the US dollar to falling oil prices.

Francesco Pesole of the Netherlands International Group stated in a report that after the United States and Iran reached a temporary peace agreement, the Federal Reserve's policy decision at 1800 Greenwich Mean Time may test the resilience of the dollar against falling oil prices. He said the dollar needs to be confirmed, that is, decision-makers, especially the new Federal Reserve Chairman Kevin Wash, should maintain an open attitude towards future rate hikes even if they keep interest rates unchanged on Wednesday. "If Wash or the wider Federal Open Market Committee's stance signal is significantly different from market expectations, the dollar will be subject to substantial selling." However, he stated that removing loose policy tendencies should be enough to support the dollar. The DXY dollar index was flat at 99.561.