Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger than expected consumer inflation data. Sterling also firms up mildly earlier today, but lacks follow through buying. FOMC statement and economic projections are the main focuses for the rest of the day. Fed is unlikely to start talking about tapering for now. however, the economic forecasts could firstly unveil policymakers' view on how "transitory" the surge in inflation would be. Also, the latest dot plots would show how many of them pull ahead their expectations on rate hikes. In Europe, at the time of writing, FTSE is up 0.03%. DAX is down -0.16%. CAC is up 0.07%. Germany 10-year yield is down -0.0105 at -0.240. Earlier in Asia, Nikkei dropped -0.51%. Hong Kong HSI dropped -0.70%. China Shanghai SSE dropped -1.07%. Singapore Strait Times dropped -1.11%. Japan 10-year JGB yield rose 0.0012 to 0.050. | 