The dollar held near a two-week high on Wednesday ahead of the Federal Reserve&#...
TOKYO - The dollar held near a two-week high on Wednesday ahead of the Federal Reserve’s closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank and bearish eurozone economic data.
The Fed is widely expected to stand pat on monetary policy this time but open the door for an interest rate cut at the next meeting in July. The euro traded at $1.1190, languishing near session lows after shedding 0.2% overnight, when it brushed a 15-day trough of $1.1181. U.S. President Donald Trump said on Tuesday he will have an extended meeting with Chinese President Xi Jinping at the G20.
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