Dollar on defensive as market awaits Fed decision, euro edges up
Wednesday, 20 March 2019 08:00 WIB | CURRENCIES |DOLLAR Indeks Dolar Euro

Major currencies stuck to tight ranges in early Asian trading on Wednesday as investors awaited the outcome of the Federal Reserve's March policy meeting later in the day.

Against a basket of key rival currencies, the dollar was broadly steady at 96.388 after hitting its lowest level since March 1 at 96.291 in overnight trading.

The index has lost almost 1.4 percent after climbing to a three-month high of 97.71 on March 7, on views the Fed will strike a dovish tone during its latest policy meeting.

On Wednesday, the euro was a shade higher against the greenback at $1.1355, while the yen was down a tad at 111.51 yen per dollar.

Source : Reuters

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