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Dollar Drifts Higher; Next Week’s Fed Meeting Looms Large

The dollar drifted higher Thursday, with traders keeping their powder dry ahead of next week’s Federal Reserve meeting, looking for indications on when the central bank will start withdrawing its monetary stimulus.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher …

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Dollar edges higher with focus on Fed for taper clues

LONDON (Reuters) – The dollar climbed to the higher end of recent ranges against other major currencies on Thursday, as traders looked to next week’s Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus. The dollar index, which measures the U.S. currency against six others, was 0.3% …

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