Forex – Dollar Unchanged Ahead of Fed Meeting, New Zealand Dollar Jumps

0 – The U.S. Dollar was unchanged on Wednesday as markets awaited the conclusion of the Federal Reserve’s latest meeting, while the New Zealand Dollar jumped against the dollar on a better-than-expected business confidence report.

The Fed is widely expected to hike interest rates later in the day. Markets also anticipate another rate hike before the year end, although the outlook for 2019 is less clear, according to analysts.

As well as an interest rate decision, the Federal Reserve will also serve up its summary of economic projections, outlining policymakers’ expectations on economic growth, inflation and unemployment.

The U.S. dollar index, which tracks the greenback against a basket of other currencies, was unchanged at 93.73 by 11:01PM ET (03:01 GMT). The index has slipped around 3% since August.

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