Dollar pressured, awaits Fed policy statement

 

The dollar eased on Wednesday as investors warily awaited the outcome of the U.S. Federal Reserve's policy meeting later in the day, while expectations for the European Central Bank to cut interest rates on Thursday capped the euro.

Financial bookmakers were predicting London's FTSE 100 would open nearly flat, with most other European markets shut for the Labour Day holiday.

U.S. stock futures were also little changed -- hinting at a subdued Wall Street open after the Standard & Poor's 500 Index settled at an all-time high on Tuesday.

MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent, retreating from Tuesday's seven-week high, and dragged down by a 0.3 percent fall in Australian shares which reached their highest in nearly five years in the previous session. Most Asian bourses were closed.

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