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Dollar Hovers Near One-Month High Ahead of Fed DecisionSingapore, 30 Jul (ONA) — The US dollar today hovered near a one-month high ahead of the Federal Reserve’s policy decision, while the euro appeared set to end its streak of six consecutive monthly gains as markets assessed the economic impact of the US-EU trade pact.
The dollar index, which measures the greenback’s performance against a basket of six major currencies, rose to 98.823, remaining near its recent one-month peak and on track for its first monthly gain of the year.
The euro edged slightly higher to $1.1555 after retreating earlier in the week and touching a one-month low of $1.15185 yesterday (Tuesday).
The British pound was trading at $1.3355, while the Australian dollar held steady at $0.6514.
The Japanese yen rose 0.4% to 147.85 per dollar, before easing slightly to 148.06, as investors reacted to news of the earthquake and tsunami in the Pacific Ocean, sparking concerns over potential damage to key infrastructure in Japan.— Ends/Khalid