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Dollar steady over 13-month down ahead of Federal verdict

 

The dollar rose 0.7 percent against the Japanese yen to 111.86 yen.
The euro rose to its highest since August 2015 and was just a hair below a 2-1/2-year high, boosted by a stronger-than-expected German business survey.
The Ifo business sentiment index reached a record high, showing that Germans were “euphoric” about the country’s business climate.
“With the Fed on the horizon it seemed prudent of the markets to cover some of the dollar shorts,” he said.
The Fed began its meeting Tuesday with no change to interest rates expected.

as mentioned in

FOREX-Dollar hits 13-month low as Fed meeting begins; euro near 2-1/2-year high

The Ifo business sentiment index hit its highest level on record, showing that Germans were “euphoric” about the country’s business climate.
The euro rose to a high of $1.1711, matching its high from Aug. 24, 2015, and just below its highest level since January 2015.
The euro rose to its highest point since August 2015 and was just a hair below a 2-1/2-year high, boosted by a stronger-than-expected German business survey.
The dollar index earlier fell to its lowest level since June 2016 at 93.638.
The Fed starts a two-day meeting later on Tuesday with no change to interest rates expected.

collected by :kiven Dixter

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