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The U.S. Dollar is trading quietly as markets await the Federal Reserve's 2 PM monetary policy announcement, which could provide guidance for the rest of the year. Key questions revolve around inflation versus economic stagnation, with markets split on whether the Fed will adopt a dovish tone. Housing data showed unexpected contractions in August. The Bank of Canada is expected to cut rates today, reflecting economic struggles, while the Euro is slightly weaker after inflation data showed price growth slowing to 2 percent, potentially paving the way for ECB rate cuts in October. Markets remain cautious amid these developments.
