(Bloomberg) -- The dollar was little changed against
the yen and euro before a Federal Reserve meeting that ends today.
The Fed is expected to keep its target rate for overnight
lending between banks at 5.25 percent. Futures show traders
priced in higher odds of an interest-rate cut this year. Fed
officials acknowledged at their last meeting that a slump in
housing would restrain growth ``through most of this year,'' the
minutes of the gathering released on May 30 showed.
Read more at Bloomberg Currencies News
the yen and euro before a Federal Reserve meeting that ends today.
The Fed is expected to keep its target rate for overnight
lending between banks at 5.25 percent. Futures show traders
priced in higher odds of an interest-rate cut this year. Fed
officials acknowledged at their last meeting that a slump in
housing would restrain growth ``through most of this year,'' the
minutes of the gathering released on May 30 showed.
Read more at Bloomberg Currencies News
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