Dollar holds near 14-month peak ahead of Fed meeting The - TopicsExpress

Dollar holds near 14-month peak ahead of Fed meeting The dollar remained near a 14-month peak against the other major currencies on Monday, as investors awaited the outcome of the Federal Reserves two-day policy meeting this week. Demand for the dollar continued to be underpinned by expectations for an early hike in U.S. interest rates. The Fed was expected to cut its asset purchase program by another $10 billion at its upcoming policy meeting on Wednesday, which would keep it on track for winding up the program in October, and to start raising interest rates sometime in mid-2015. USD/JPY held steady, just below six-year highs at 107.25 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower. read more : forex-tsd/financial-news-analytics/26338-forex-news-670.html#post702616

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