U.S. Dollar Eases Awaiting Fed

The U.S. dollar nursed modest losses early on Wednesday, having suffered an unexpected setback as jitters mounted hours before the Federal Reserve offers its latest guidance on interest rates.

Traders said sellers emerged after the Wall Street Journal’s Fed watcher said the U.S. central bank may keep the words “considerable time” in its policy statement following the Sept 16-17 meeting.

Markets have been bracing for a more hawkish tone and many were looking for the Fed to drop its promise to keep rates near zero for a “considerable time” after ending its bond-buying program.


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