Dollar fluctuates ahead of Federal Reserve meeting

The dollar hovered near a one-month high on Wednesday ahead of the Federal Reserve’s monetary policy decision, while the euro was poised to snap a six-month winning streak as investors assessed the cost of the US-EU trade deal.

The dollar index, which measures the greenback against six other currencies, was at 98.823, hovering near a one-month high and on track for its first monthly gain this year.

The euro edged up slightly to $1.1555. It has risen 11.7% since the beginning of 2025, but is on track for its first monthly decline of the year.

The pound was at $1.3355.

The Japanese yen rose 0.4% to 147.85 against the dollar and was last at 148.06 yen.

The Australian dollar was steady on the day, trading at $0.6514.

As for cryptocurrencies, Bitcoin rose 0.5% to $118,042.85, while Ether climbed 1.2% to $3,808.81.