Dollar Strengthens Ahead of Fed Signal

The dollar is more stable today while the central bank is in focus. A decision on interest rate policy is expected to counter inflation.

The dollar index against a basket of other currencies rose 0.12% to 95.657.

USD/JPY rose 0.10% to 114.36. Japan’s national consumer price index (CPI) and core national CPI increased 0.1% in October year-on-year.

AUD/USD dropped 0.06% to 0.7275.

NZD/USD was up 0.02% to 0.7037.

USD/CNY rose 0.01% to 6.3856.

GBP/USD fell 0.01% to 1.3486, with bets on a Bank of England rate hike in December increasing as inflation hit a 10-year high in October.

The euro fell 0.6% to 1.1372, after falling to $1.1263 earlier.

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