Analyst: The Federal Reserve's inaction is unlikely to support the US dollar.

Yuanta Bank's foreign exchange analyst Roberto Mialich stated in a report that the Federal Reserve is expected to keep interest rates unchanged on Wednesday, a decision that is unlikely to provide much support for the US dollar. Mialich said that Federal Reserve Chairman Powell explicitly stated in a speech last month that the central bank will wait for more clear information on how tariffs will affect the economy and inflation. The dollar index remains weak, and the options market still shows investors betting on the dollar falling rather than rising. Yuanta Bank expects the euro to continue trading near 1.13 against the dollar.