Dollar Steady As Investors Await Fed Meeting – 14 December, 2021

Investors held off placing major bids ahead of the U.S. Federal Reserve meeting helping the dollar stand firm. The greenback was slightly higher at 92.474, while the yen and the franc held onto the previous day’s gains, with the Japanese yen trading at 109.93 per dollar and the Swiss franc at $1.1812. The Aussie was 0.2% lower at $0.7344, just above last weeks eight month low of $0.7289. The Chinese yuan pulled away from the three month low it hit in the previous session, and the British pound traded close to its highest in 13 days, with analysts attributing its gains to COVID-19 cases in Britain declining over the last seven days.Dollar stands firm with Fed decision in focus