The dollar traded flat against most rivals Tuesday, and inched lower against the euro for the second session, ahead of the expected release of the Federal Open Market Committee’s monetary policy statement Wednesday afternoon.The euro EURUSD, +0.07% traded at $1.0599, compared with $1.0578 Monday.
Meanwhile, the dollar USDJPY, -0.02% was largely unchanged against the yen at ¥121.37, compared with ¥121.33 late Monday in New York. The pair has been largely unchanged since March 9, when the ECB began buying €60 billion in euro-denominated bonds.
The pound GBPUSD, +0.07% traded at $1.4743, off a nearly 4½-year low reached last week, compared with $1.4829 Monday.
The WSJ Dollar Index BUXX, -0.05% a measure of the dollar’s strength against a basket of major currencies, was flat at 89.01, while the ICE dollar index DXY, -0.09% rose 0.1% to 99.67.
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