Dollar Slightly Higher

The dollar is slightly higher versus the euro and down versus the yen heading into the FOMC interest rate announcement and accompanying policy statement. At 2:02 p.m. EDT, the euro was at $1.2527 from $1.2552 late Wednesday, according to EBS. The dollar was at Y116.19 from Y116.47 late Wednesday, while the euro was at Y146.56 from Y146.17. The dollar was quoted at CHF1.2500 from CHF1.2462, while sterling was at $1.8098 from $1.8181 Wednesday.