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US dollar declines ahead of Fed decision
US dollar declines ahead of Fed decision

New York, Sep 18 (TIWN) The US dollar declined as investors awaited the US central bank's next monetary move.

The Federal Reserve's September monetary policy meeting kicked off on Tuesday and it will announce its latest decision on interest rate on Wednesday afternoon. Markets are betting high on further interest rate cut.  The dollar index, which measures the greenback against six major peers, was down 0.36 percent at 98.2640 in late trading. 

In late New York trading, the euro increased to 1.1066 dollars from 1.1006 dollars in the previous session, and the British pound rose to 1.2502 dollars from 1.2424 U.S. dollars in the previous session. The Australian dollar was down to 0.6860 dollar from 0.6868 dollar. 

The U.S. dollar bought 108.20 Japanese yen, higher than 108.05 Japanese yen of the previous session. The U.S. dollar rose to 0.9936 Swiss franc from 0.9923 Swiss franc, and it increased to 1.3251 Canadian dollars from 1.3240 Canadian dollars. Enditem

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