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Europe Markets: Dollar steadies as investors await Fed’s policy signals

The U.S. dollar was trading flat on Wednesday, with investors largely expecting the Federal Reserve to say it remains on course to raise interest rates again this year and offered additional clarity on its intention to shrink its massive asset portfolio.

The ICE U.S. Dollar Index DXY, +0.08% which tracks the greenback against a half-dozen other major rivals, was up less than 0.1% at 94.11. The index recently hit its lowest level on more than a year, and lost 1.4% last week.

The euro EURUSD, -0.0601% bought $1.1644 ahead of the decision, little changed from $1.1649 late Tuesday in New York.

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