Sharjah24 – Reuters: The dollar languished near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week's Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus.
The dollar index, which measures the currency against six rivals, was at 92.506, little changed from Wednesday.
It reached a two-week high of 92.887 at the start of the week, only to drop to a one-week low of 92.321 on Tuesday after a softer-than-expected inflation report. Its low for the month was 91.941, hit on Sept. 3, when payrolls data disappointed.
"We're waiting for the FOMC next week - that remains the key focus," said Shinichiro Kadota, senior FX strategist at Barclays in Tokyo. "I don't think the dollar is going to go too far in either direction (before that)."
The Federal Open Market Committee's (FOMC) two-day policy meeting ending Sept. 22 should provide some clarity on the outlook for both tapering and eventual interest rate hikes.
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