Thu, 07 Jul 2022

U.S. dollar edges down amid Fed meeting

22 Sep 2021, 06:05 GMT+10

NEW YORK, Sept. 21 (Xinhua) -- The U.S. dollar inched lower in late trading on Tuesday as market participants are eyeing a key meeting of the Federal Reserve.

The dollar index, which measures the greenback against six major peers, fell 0.08 percent at 93.2047.

In late New York trading, the euro was up to 1.1726 U.S. dollars from 1.1723 dollars in the previous session, and the British pound rose to 1.3662 dollars from 1.3644 U.S. dollars in the previous session. The Australian dollar fell to 0.7235 U.S. dollar from 0.7237 dollar.

The U.S. dollar bought 109.22 Japanese yen, lower than 109.36 Japanese yen of the previous session. The U.S. dollar was down to 0.9235 Swiss franc from 0.9277 Swiss franc, and it decreased to 1.2812 Canadian dollars from 1.2827 Canadian dollars.

The above moves came as the Fed kicked off its two-day meeting on Tuesday, followed by a policy announcement and a news conference by Fed Chair Jerome Powell on Wednesday. Traders will look to clues on the U.S. central bank's plans to taper its bond buying.

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