Dollar Holds Near Highs Ahead of Fed Decision
The dollar maintained recent gains near multi week highs against major peers as traders await a widely expected Federal Reserve interest rate hike. Meanwhile the yen and euro traded near recent lows ahead of upcoming central bank meetings in Japan and Britain.
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The dollar held firm near multi-week highs against major peers on Wednesday morning, supported by expectations that the United States Federal Reserve will deliver an interest rate hike. Traders have priced in a 25-basis-point increase ahead of the central bank's policy decision.
