Dollar Maintains Gains Against Other Major Currencies

New York: The US dollar today held onto gains against major currencies, as investors awaited the Federal Reserve’s decision on interest rates later in the day.

According to Oman News Agency, the dollar firmed as much as 0.1% against the yen to touch a one-week top. It was last recorded at 145.21 yen. In early Asia trade, the Swiss franc remained flat at 0.816 a dollar, while the euro experienced a slight rise of 0.1%, reaching $1.149.

A broader index tracking the greenback against six other currencies remained relatively unchanged following a 0.6% increase in the previous trading session. The dollar has found support as a safe bid, firming roughly 1% against the Japanese yen, Swiss franc, and euro since Thursday, aiding it in recovering from declines experienced earlier in the year.

The dollar had previously lost more than 8% earlier this year due to trade tensions.