The US dollar is in the observe ahead of FOMC
FX: The euro rebounded slightly due to the weak dollar.
The US dollar ended well in the midst of weak US consumer spending but slowed inflation and sentiment ahead of the FOMC.
Consumer spending in the US rose 0.1% MoM in March and 0.1% MoM in March. However, the inflationary pressure slowed as the PCE inflation index stood at 1.5% YoY and the PCE inflation rate at 1.5%. This lowers the possibility of an interest rate hike in the year and weakens the dollar.
Commodity: International oil prices rebound in dollar weakness
International oil prices climbed as the dollar weakened amid allegations by major oil producers and President Trump. Last week, oil prices plunged nearly 3 percent, citing President Trump that he agreed with Saudi and major oil-producing nations to increase oil prices. However, some media reported that there was no discussion between Saudi Arabia and the United States on the subject,
The situation is uncertain. Oil prices have risen slightly as a result of weakening inflationary pressures ahead of the FOMC.