Dollar holds firm as investors eye major Fed policy meeting

Published by
Reuters UK

By Alun John HONG KONG (Reuters) – The dollar held its recent gains in early Asia trading on Wednesday as investors looked towards a key Federal Reserve policy meeting to see if it would reinforce growing market expectations for earlier rate rises next year. The dollar index which measures the greenback against six major peers was at 96.557, having gained 0.5% so far this week in choppy trading. It is testing last week’s 96.954, which would be a two-week top. The dollar’s gains have been broad-based. The euro last traded at $1.1265, not far from $1.1184 hit in November, which was its lowest in…

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