Petr Krpata, an FX strategist at ING, suggests the FOMC meeting (Wednesday) is unlikely to deliver a major surprise, with the Federal Reserve likely remaining on hold and Chair Jerome Powell re-emphasizing the data-dependent approach of the committee. 

• "Instead, markets may be more focused on the fas- approaching 15 December deadline for US tariffs on Chinese exports. Uncertainty about this is likely to keep risk assets muted and the trade-weighted US dollar supported at the start of the week. 
• Either a partial deal or an extension of the deadline on tariffs would help risk currencies into the year-end, particularly if general risk sentiment is helped by a market-friendly outcome to the UK election on Thursday. But for today, the dollar should stay supported."