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The Dollar is climbing as US interest rates await


The Dollar rose against a basket of major currencies on Wednesday, as investors awaited the Federal Reserve's announcement on raising or keeping interest rates next June.
The dollar index rose 0.2 percent ahead of the Fed meeting, according to Reuters.

Against the Japanese currency, the dollar rose just 0.1 percent to 112.12 yen, approaching a six-week high of 112.33 yen on Tuesday.

The euro fell 0.1 percent to $ 1.0915, trading at a 5-1 / 2-month high of $ 1.0951 recorded last week.

The US Federal Reserve is widely expected to keep rates unchanged at the end of the monetary policy committee meeting today, but investors are waiting to see if the central bank will reduce the importance of the recent economic slowdown to keep the door open for next month's interest rate move.

US car sales data in April released on Tuesday bolstered concerns about the US economy, which grew at its slowest pace in three years in the first quarter of the year.

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