The dollar managed to close higher for a third session in a row despite initially selling off after the FED left rates unchanged and apparently did little to warn the markets that a rate hike in June was imminent. It traded as much as 0.20% lower before recovering and climbing to session highs, up .30%.
Fed officials did acknowledge inflation is close to target, but the initial perception of the market was slightly dovish. From the data front, ADP Employment came slightly stronger than expected with a 204k rise (vs. 198k expected).
Attention will now be focused on the evolution of interest rates, specially Treasury yields, with the curve steepening a bit following a mild increase in the long-end part. Also, US Treasury Secretary Steven Mnuchin will be holding trade talks in Beijing with Chinese Vice Premier Liu He.