Dollar stabilizes near its lowest in over a year as Fed meets

July 25, 2017

The dollar was narrowly mixed against major rivals in Tuesday trading, leaving a broad index tracking the greenback little changed ahead of a two-day Federal Reserve meeting that could reveal policymaker thinking on a batch of fuzzy economic readings of late. The ICE U.S. Dollar Index DXY, -0.05% fell less than 0.1% to 94.01. The gauge—which tracks the buck against a half-dozen other major rivals—dropped 1.4% last week and is down about 1.7% in July. It touched its lowest level in more than a year last week. The Fed may tinker with its assessment of inflation after a sharp deceleration recently, but a major course correction to policy is not in the cards. The Federal Open Market Committee decision