According to Jin10, UniCredit's foreign exchange analyst Roberto Mialich stated in a report that the Federal Reserve is expected to keep interest rates unchanged on Wednesday, a decision unlikely to provide much support for the dollar. Mialich said that Federal Reserve Chairman Powell made it clear in a speech last month that the central bank will wait for clearer information on how tariffs will affect the economy and inflation. The dollar index remains weak, and the options market still shows that investors tend to bet on the dollar falling rather than rising. UniCredit expects the EUR/USD to continue trading around 1.13.