A key dollar index edged higher late Monday, reversing a decline from earlier in the session, ahead of a widely anticipated meeting of the Federal Reserve’s interest-rate setting committee.The ICE U.S. Dollar Index DXY, -0.02% a measure of the dollar’s value against a basket of six rival currencies, was up 0.1% to 97.6090.
The dollar pared its early decline against both the euro and the yen to finish the session little-changed on the day against both rivals.
The euro EURUSD, +0.1274% traded at $1.0996 late Monday in New York, compared with $1.0993 late Friday in New York, while the pound remained markedly weaker against the dollar GBPUSD, +0.1057% trading at $1.5135 Monday, compared with $1.5172 Friday, according to FactSet data.
The greenback USDJPY, +0.02% traded at ¥120.90 late Monday, compared with ¥120.96 Friday.
The buck also weakened against several other Group of 10 rivals, including the Swedish krona USDSEK, -0.0566% Norwegian krone USDNOK, -0.0485% Australian dollar AUDUSD, +0.3866% Canadian dollar USDCAD, -0.2111% and New Zealand dollar NZDUSD, +0.4735%
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