The dollar fell on Wednesday after data showed a decrease in new jobs in the United States. The dollar index dropped by 0.029% to 101.820, following a 0.245% decline on Tuesday. It is widely expected that the U.S. Federal Reserve will raise interest rates by 25 basis points today. Investors' focus will be on any indications from the Fed regarding whether it will temporarily pause interest rate hikes or continue tightening.
The euro rose by 0.12% to 1.1012 dollars after a 0.2% increase the night before, ahead of the European Central Bank meeting on Thursday. The Japanese yen also increased by 0.11% to 136.40 per dollar, recovering some losses incurred last week when the Bank of Japan maintained its ultra-loose monetary policy.
