Markets are in a more tentative mood so far today and understandably so. It's going to be a blockbuster day in US trading, so there won't be much conviction at least in European trading. All eyes will be on the main events later, that being the US CPI report and the FOMC meeting decision. On the latter, Powell's presser and the dot plots will be the most watched.
For now, major currencies aren't really up to much. The dollar is keeping steadier, holding little changed in narrow ranges: