Other

Dollar Stabilizes Ahead of Fed Meeting

Dollar Stabilizes Ahead of Fed Meeting

Singapore, September 15 (QNA) – The dollar held steady on Monday ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted to Fitch’s downgrade of France’s credit rating.

The euro last traded 0.09% lower at $1.1724n its latest trading, while the dollar steadied at 97.65 against a basket of currencies on Monday.

Sterling was little changed at $1.3554, while the Aussie dollar hovered near a 10-month high at $0.6652.Elsewhere, the yen strengthened slightly to 147.56 per dollar, ahead of the Bank of Japan’s (BOJ) policy meeting later in the week.

In other currencies, the New Zealand dollar eased 0.03% to $0.5953, while the offshore yuan was little changed at 7.1230 per dollar. (QNA)