A Federal Reserve policymaker on Thursday repeated her call for further rate hikes and a trimming of the central bank's balance sheet later this year, as the U.S. economy is expected to rebound from what looks like a weak first quarter.
Dollar to roll over rather quickly once the rate hike becomes official.
U.S. stocks were mostly higher on Wednesday, with investors counting down to the conclusion of the Federal Reserve's two-day meeting, where the central bank is widely expected to raise rates for the first time this year.
The Fed meets this week, and markets are fairly subdued today.
U.S. stock index futures pointed to a subdued open on the financial market as investors bided time ahead of an all-but-certain interest rate hike by the Federal Reserve.
U.S. stocks were set to open little changed on Tuesday, with the "Trump rally" pausing ahead of a speech by Federal Reserve Chair Janet Yellen that will be scrutinized for clues on the timing of the next interest rate hike.
The two-day FOMC meeting will conclude on Wednesday at 19:00 GMT and Janet Yellen’s press conference will begin shortly afterwards at 19:30.

Wall Street was set to open higher on Monday on optimism that Greece may be able to strike a last-minute deal with its international creditors to avert a default.

Despite the recent volatile and dramatic moves in crude, a bottom has yet to be confirmed. Look to the long-term technicals to figure out where that low is going to be.