The dollar majors have been plying narrow ranges into the Fed policy announcement, which is due later today at the completion of the two-day FOMC meeting. The narrow trade-weighted DXY dollar index has settled near 90.50 after ebbing back from yesterday’s one-month high at 90.68. The peak was seen as the 2-year U.S. Treasury yield inched up to 7-week highs above 0.170%. The 10-year Treasury yield has steadied around the 1.50%, which marks over a third retrace of last week’s yield drop.

The dollar majors have been plying narrow ranges into the Fed policy announcement, which is due later today at the completion of the two-day FOMC meeting. The narrow trade-weighted DXY dollar index has settled near 90.50 after ebbing back from yesterday’s one-month high at 90.68. The peak was seen as the 2-year U.S. Treasury yield inched up to 7-week highs above 0.170%. The 10-year Treasury yield has steadied around the 1.50%, which marks over a third retrace of last week’s yield drop.