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Dollar, Euro Steady in Rangebound Trade Ahead of Fed, ECB – Investing

“The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by 03:46 AM ET (07:46 AM GMT), little changed for the day after rising 0.29%.

The Fed is widely expected to raise interest rates for the second time this year at the conclusion of its policy setting meeting later in the day. ”


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