U.S. Dollar Steady Before Fed

The dollar fluttered in a narrow range in Asia on Tuesday, caged by caution ahead of this week’s U.S. Federal Reserve meeting and concern about the developing crisis in Iraq.

U.S. and Iranian officials conferred about the Iraqi crisis on the sidelines of a meeting in Vienna, sources said. Meanwhile, Washington said it could launch air strikes if needed to quell the Sunni Islamist rebellion.

U.S. President Barack Obama notified Congress under the War Powers Resolution on Monday that the United States would deploy up to 275 military personnel to provide support and security for U.S. staff in Iraq.

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