US$ steadies, cautious stance from Fed expected

London

THE dollar steadied on Wednesday as investors awaited guidance from the US Federal Reserve, expected to reiterate a cautious stance on raising interest rates when it wraps up a two-day policy meeting later in the day.

In European trading, the Norwegian crown slipped towards a four-month low against the euro, after data showed Norwegian unemployment surging and consumption falling, fuelling interest rate cut bets.