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The dollar reached a three-week high against the yen and stood tall against the euro on Wednesday ahead of a Federal Reserve policy meeting that could give clues on how many more U.S. rate hikes there will be this year.
The Fed concludes its two-day policy meeting later on Wednesday, at which it is widely expected to hike rates for the second time this year.
Market focus is on whether the Fed signals tightening policy four times in 2018, from the three times indicated earlier this year, after the world’s largest economy has expanded steadily.
The dollar index against a basket of six major currencies (DXY) inched up 0.09 percent to 93.888, after rising 0.25 percent the previous day.
The dollar was 0.25 percent higher at 110.660 yen after brushing 110.68, its highest since May 23.
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