A relatively quiet day in FX Land in N.Y. on Tuesday, as the market girded for Wednesday's FOMC announcement. The dollar started out on a softer footing early on, though managed to recover some as the session went on. Softer durables and confidence data dented sentiment to a degree, though Wall Street remained close to flat through the session. The Fed is unanimously expected to maintain an unchanged rate stance, so focus will be on the nuances of the policy statement and the degree to which it presages a June hike.
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