Dollar Trades Near 4-Month High as Markets Becalmed Before Fed
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The dollar approached the strongest level since March as traders awaited the Federal Reserve’s announcement on monetary policy.
Concern that Fed Chair Janet Yellen won’t provide definitive guidance on the timing of a U.S. interest-rate increase limited the currency this week to its tightest range in almost a year. The central bank concludes its two-day policy meeting and is expected to release a statement at about 2 p.m. New York time.