Key dollar index edges higher as investors await Fed decision

A key dollar index edged higher late Monday, reversing a decline from earlier in the session, ahead of a widely anticipated meeting of the Federal Reserve’s interest-rate setting committee.

The ICE U.S. Dollar Index DXY, -0.20% a measure of the dollar’s value against a basket of six rival currencies, was up 0.1% to 97.6090.

The dollar pared its early decline against both the euro and the yen to finish the session little-changed on the day against both rivals.

The euro EURUSD, +0.3457%  traded at $1.0996 late Monday in New York, compared with $1.0993 late Friday in New York, while the pound remained markedly weaker against the dollar GBPUSD, +0.1453% trading at $1.5135 Monday, compared with $1.5172 Friday, according to FactSet data.

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