Dollar Down Before Fed Decision

The dollar had a day of losses versus most of 16 main traders before the Fed will publish its monetary policies decisions tomorrow, as investors expect a rather dovish tone in policy makers’ statements.

The greenback had its worse session in more than a week as speculations suggest that interest rates to be published tomorrow in the United States by the Federal Reserve are extremely likely to be maintained at a record low, shunning investors for dollar-priced assets and pushing them towards countries with better return possibilities for their investments.

EUR/USD traded at 1.4843 as of 19:00 GMT from a previous rate of 1.4721 yesterday.

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