Economic news

Review: Dollar steady before Federal Reserve’s policy meeting

The dollar dipped on Monday after its strongest weekly increase this year as investors took profits before interest rate decisions by the Bank of Japan, the Bank of England (BoE) and the U.S. Federal Reserve this week.

The dollar index slipped 0.2 percent to 94.70, trading not far from Friday’s three-month peak of 95.150.

The euro rose 0.20 percent to $1.1632.

The greenback was virtually unchanged versus the yen at 113.58, after a three-month peak of 114.45 yen on Friday.

Sterling advanced 0.3 percent to $1.3164.


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