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U.S. Dollar edges higher with Fed and US GDP Ahead

The dollar inched up versus a basket of currencies on Wednesday as investors trod cautiously ahead of a Federal Reserve policy review that could see the central bank drive home a dovish message.

The dollar index, which tracks the greenback’s performance against a basket of major currencies, inched up 0.1 percent to 81.877.

Investors had knocked the dollar index down to a five-week trough of 81.499 earlier this week as they bet the Fed would seek to reassure markets that interest rates would stay low for a long time, even if it started scaling back stimulus this year.

CNBC [1]

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