The dollar remained largely stable against other major currencies after a decline in the previous session, following U.S. data that indicated easing wage pressures. Investors are awaiting the conclusion of the Federal Reserve's policy meeting. The U.S. central bank is expected to raise interest rates by 25 basis points later today, but the press conference by Chairman Jerome Powell is likely to capture attention, as traders look for signals on the duration of the Fed's tightening bias.
The Dollar Index, which measures the U.S. currency's performance against six other major currencies, fell 0.029 percent to 102.060. The index decreased 0.16 percent in the previous session, attributed to a report showing that labor costs in the U.S. rose at the slowest pace in a year during the fourth quarter.
The euro declined 0.03 percent to $1.0859, while the pound sterling was latest at $1.231, down 0.08 percent for the day. The Japanese yen appreciated 0.10 percent against the dollar to 129.98 yen per dollar.
