US dollar holds steady before Fed meeting

Published Tue, Dec 12, 2017 · 09:50 PM

London

THE dollar drifted in narrow ranges on Tuesday after strong recent gains as the US Federal Reserve geared up for a two-day policy meeting at which it is widely expected to raise interest rates for the fifth time since late 2015.

The British pound and the Swedish krone led gainers as investors squared positions in thin trading before the Fed's decision.