The forecast of a narrowing of the trade deficit forecast is only after the record deficit last time.

The euro doesn't look like getting out of its recent range.

I don't think the Fed will surprise the market but it will see if there are any hints available from the statement.

The dollar maintained its strength inherited from last week but its upside is capped when nearing the 120-yen level.

Long-term U.S. interest rates have risen as the market has started to price in the likelihood that the Federal Reserve will keep raising rates beyond 5 percent.

Another interest rate hike in March is a 'done deal' among market participants and a pause is likely to come after that in May.