Dollar firm but softens against yen ahead of FOMC

US dollar rate index news: The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision. Markets expect the Fed will almost certainly keep rates on hold at 5.25 per cent to 5.50 per cent, putting the focus on the central bank's forward guidance. 

Dollar firm but softens against yen ahead of
US dollar rate index news: The dollar remained firm on Wednesday. Image: Reuters

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