Dollar Holds Steady Ahead of Fed Interest Rate Decision

The U.S. dollar remained broadly stable, while other major currencies showed limited movement ahead of the Federal Reserve’s monetary policy announcement later on Wednesday. Investors are anticipating an interest rate cut in what is expected to be one of the Fed’s most challenging meetings in years.اضافة اعلان

Market attention is focused on the upcoming decision, with expectations pointing to a 25-basis-point reduction in the benchmark interest rate.

The Dollar Index, which tracks the U.S. currency against six major counterparts, stood at 99.20.

Aside from the rate decision, traders are also closely watching comments from Fed Chair Jerome Powell for further guidance.