greenback mid day outlook

The dollar continues to look weak across the board, with the dollar index pushing to new yearly lows just ahead of tomorrows FOMC announcement. Any strength for the greenback seems to be brief followed by quick bouts of dollar selling. The US equities markets opened higher, with the DOW back above the 9800 level, following a broad base rally in European equities. Commodities are firm with gold extending its recent push above $1021 and crude oil back above $71.50. It looks like the greenback will remain weak throughout the remainder of US session and into tomorrows FOMC decision.