Dollar edges higher ahead of Fed decision; yen remains weak


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Published Nov 01, 2023 04:03AM ET © Reuters. USD/JPY -0.26% Add to/Remove from Watchlist EUR/USD -0.17% Add to/Remove from Watchlist USD/CNY +0.05% Add to/Remove from Watchlist - The U.S. dollar edged higher in early European trade Wednesday ahead of the conclusion of the latest Federal Reserve meeting, while the yen remained near its one-year low. At 04:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.612. Fed decision, Powell’s press conference in focus The U.S. dollar has continued to trade on the firm side as traders...