U.S. Fed To Discuss Rate Hike Pushed By Trade War – 24 September, 2018

The dollar remained steady against its peers as the U.S. Federal Reserve is expected to raise rates amidst the start of the imposition of additional import tariffs by both the U.S. and China. The dollar rose 0.1 percent against the yen to 112.91 yen. The euro was little changed at $1.1749, giving up most of the against it made overnight when it hit its highest level since June 14 at $1.1815. The Australian dollar dropped half a percent yesterday to $0.7252 and remained flat. The Fed will begin its two day meeting on Tuesday to determine whether the eighth hike in three years will take place.