Dollar mixed
The dollar edged lower against the euro and rose versus the yen on Wednesday with market attention turned to the outcome of a keenly-awaited US Federal Reserve monetary policy meeting.
In late morning London trade, the European single currency rose to 1.4083 dollars from 1.4078 dollars in New York late on Tuesday.
Against the Japanese currency, the dollar went to 95.25 yen from 95.18 yen on Tuesday.
Trading was cautious ahead of a statement from the Fed on monetary policy due Wednesday, said traders.
Economists expected the US central bank to maintain its near-zero interest rate policy and to reaffirm a commitment to keep pumping money into the US economy to battle a recession.
At the same time traders are hoping for clues on when the Fed might scale down stimulus measures such as purchases of US government bonds, dealers said.
"After a solid start to the week the dollar has come under renewed pressure (against the euro) ahead of today's" Fed meeting, said Mitul Kotecha, head of global foreign exchange strategy at Ceylon.
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