Market News
Dollar edges higher against yen and euro with Fed and trade talks in focus - REUTERS
By Chibuike Oguh and Stefano Rebaudo
Summary
- Trade negotiations, Treasury auction support the greenback
- Investors await Fed policy meeting outcome
- Euro edges down versus the dollar
NEW YORK, May 7 (Reuters) - The U.S. dollar edged higher against the yen and the euro on Wednesday as traders awaited the outcome of the Federal Reserve's policy meeting later in the session, and uncertainty over upcoming trade negotiations still weighed on sentiment.
The Fed is expected to leave interest rates unchanged on Wednesday, with investors focusing on any clues about the rate outlook as U.S. tariffs cast uncertainty over the economy.
