CNBC: Dollar eases as markets await Fed decision
‘"Traders are taking steps to preserve liquidity and adding to dollar longs ahead of tomorrow's decision," said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto. "On the face of it, the setup seems bullish for the dollar either way: an outright hike would deliver an unequivocal boost, while a hawkish hold would simply push expectations into September," Schamotta said. He warned, however, that speculative positioning in favor of the dollar was stretched and that any hint of a more dovish approach from policymakers could trigger a violent unwind.’
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