Reuters: Dollar sinks to four-year low vs euro ahead of Fed rate decision

"The dollar is trading with a heavy tone across the board as investors brace for a dovish message in Wednesday’s voting record, ‘dot plot’ summary of economic projections, and press conference," said Karl Schamotta, chief market strategist at Corpay "Jerome Powell & Co are seen downplaying inflation risks and expressing a clear bias toward supporting labor markets —something that could help set the stage for a sequential set of cuts in the months ahead — and traders are positioning for asymmetric moves across most major currency pairs," Schamotta said.

Reuters: Dollar sinks to four-year low vs euro ahead of Fed rate decision