Dollar falls lower against Euro ahead of FOMC Meeting

The Dollar fell a little lower against the Euro and the Yen in the range bound Asia trade Tuesday, investors refrained from making moves in advance of the Federal Reserve’s policy meeting this week.
The US Dollar was weaker against the Euro, it gained to $1.1022 midday from $1.0986 late Monday, the WSJ dollar index which is an estimate of the dollar against a range of major currencies went down by 0.13% at 89.51.

There has been a lot of anticipation that FOMC will start raising rates, this has led many investors to increase their bets. There are worries about the sluggishness of U.S rates increase next year which may be signaled by the Fed. at the end of the two day meeting on Wednesday and are keeping a lid on the momentum of the Dollar rise.

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