Dollar Gains Ahead Of Policy Meeting – 17 June, 2019

Ahead of the Federal Reserve’s policy meetings this week, the dollar was steady near a two week high as investors await news on a future interest rate cut. After climbing to its highest level since the beginning of the month to 97.766, the dollar index was steady against a basket of six major currencies, ending the session at 97.615. The euro dropped 0.2% overnight to $1.1198, just above the 15 day low of $1.1181 hit previously. Backing away from the 5 1/2 month low it hit earlier this week, the Australian dollar managed to inch up to $0.6884. The offshore yuan was last standing at 6.8953 per dollar, and the dollar gained 0.1% against the yen to 108.555 yen.