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The Economic Times
The Economic Times
Business

Dollar holds steady as Fed decision looms

The U.S. dollar was perched near a one-month high on Wednesday, buoyed by safe-haven flows after hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day.

Moves in currencies were largely subdued in early Asian trade as investors stayed on the sidelines ahead of the Federal Open Market Committee's ‌decision, with markets ⁠pricing ⁠in a 33% chance of a 25-basis-point hike.

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