You might have missed this, but today is a very important day for USD. Today American currency is going to go through a lot of turbulence and change. Yes, even though for a lot of us trading day is coming to an end, we are still not going to be able to sleep because all we will be thinking about is the performance of USD. And, of course, there is a perfectly good reason behind our thinking like this.

You might have noticed that lately we have been paying a lot of attention to USD, but, unfortunately, for all the wrong reasons. USD has not been doing its best and one can say that a full-blown downtrend is playing out right in front of our eyes. Of course, if you follow USD close enough you might have spotted a surge that happened today early in the marking. But, unfortunately, this surge has already been downplayed and erased with all of the falls that come to the currency ahead of Fed rate decision.

That’s right. Today’s slew of reports is going to culminate in decision whether interest rate of the country is going to stay the same or is it going to be altered. Here it is important to remember that the lower interest rates are, the worse the currency is doing and the worse thing are for the economy. So, watch out. USD might sink even lower today.

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