Dollar subdued ahead of Fed rate decision

Published by
Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was pinned near five-week lows on Wednesday ahead of the conclusion of the U.S. Federal Reserve’s policy meeting, with investors awaiting clarity on the path the central bank is likely to take in the wake of global banking turmoil. Investor attention is zeroed in on whether the Fed will stick to its hawkish path to fight sticky inflation or pause interest rate hikes given recent trouble among banks which has included bankruptcy and last-minute rescues. The U.S. dollar index, which measures the currency against six peers, was at 103.22, just ab…

Read More