Dollar Little Changed as Traders Await Fed Meeting for Catalyst
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Fed's Rate Path in Focus Now That March Is Certain
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The dollar hovered near flat as traders looked to the Federal Open Market Committee’s two-day meeting starting Tuesday as a catalyst for the greenback’s next move.
The U.S. currency traded within narrow ranges as traders squared positions before the central-bank gathering. Market pricing reflects almost three Fed hikes this year, and dollar bulls are looking for signs that four hikes in 2017 may be an option.