Gradualist Fed, AI Questions, And Slightly Firmer Greenback Ahead Of ECB's Most Likely Stand Pat Decision

What happened: The dollar firmed against most G10 currencies after the FOMC meeting, and the ECB is widely expected to stand pat at its decision announced at 9:15 am ET today. Key numbers: ECB decision at 9:15 am ET; dollar firmer versus most G10 currencies. Why it matters: Fed Chair Warsh repeatedly noted tightening financial conditions since the September rate hike, and the Fed meeting appears to minimize the importance of today's US data for market participants. The Mexican peso recovered from the session low to new session highs during the post-FOMC press conference.

The dollar firmed against most G10 currencies after the FOMC meeting, and the ECB is widely expected to stand pat at its decision announced at 9:15 am ET today.

Fed Chair Warsh repeatedly noted tightening financial conditions since the September rate hike, and the Fed meeting appears to minimize the importance of today's US data for market participants. The Mexican peso recovered from the session low to new session highs during the post-FOMC press conference.