US dollar steady ahead of Fed meeting

London

THE US dollar steadied on Wednesday ahead of a Federal Reserve policy statement widely expected to raise interest rates for the third time in six months but also to signal doubts over how soon it may make its next move.

Against the euro and yen, the greenback was solidly higher but it saw losses for a second day against the commodity bloc of currencies, all of which have benefited from a surge in expectations of higher Canadian interest rates.