The dollar traded narrowly as markets braced for a rate cut by the Federal Reser...
TOKYO - The dollar traded narrowly as markets braced for a rate cut by the Federal Reserve later on Wednesday, while sterling steadied as Britain heads for an early general election the prime minister hopes will break the deadlock over Brexit.
The dollar was steady against the euro at $1.1111 and flat versus a basket of six major currencies at 97.682 as investors awaited the Fed’s interest rate decision.The U.S. central bank is expected to cut rates for a third time in a row when it concludes its two-day meeting on Wednesday. “The Fed will probably try to avoid sounding too dovish. Its message will essentially be that while it could act in December if needed, it won’t unless there are big uncertainties on the economy.”
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