Dollar Coasting Ahead of FOMC

The dollar is placid ahead of the FOMC minutes, after firming some during the afternoon following a strong Chicago PMI. End of month position squaring and a drop in oil prices may also be keeping the dollar supported. Recently, euro at $1.2831 from $1.2866 from late Tuesday. The dollar is at Y112.34 from Y112.22 late Tuesday. Sterling is trading at $1.8734 from $1.8837.