Dollar Declines for Third Day Against Euro Before Fed Decision
- Futures signal central bank to keep rates on hold this month
- U.S. currency has dropped versus most major peers this week
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The dollar weakened for the third day against the euro before the Federal Reserve announces its monetary policy decision on Wednesday.
The U.S. currency has dropped versus most of its 16 major peers since the start of this week. While no change in interest rates is signaled by futures, traders may focus on the post-meeting statement to provide guidance on when U.S. borrowing costs will increase again.