Dollar mostly higher ahead of Fed announcement

The U.S. dollar climbed against most of its major rivals during Wednesday’s Asian session even though no major surprises are expected when the Federal Reserve delivers another monetary policy announcement later today.

In Asian trading Wednesday, EUR/USD was flat at 1.3493. During U.S. trading Tuesday, the pair powered higher on the back of some encouraging economic news out of Germany, the Eurozone’s largest economy. Continue Reading....

By Investing.com  |  Forex News  |  Jan 30, 2013 02:38AM GMT