The dollar is hovering as the Federal Reserve gets ready for its two-day meeting.
The US dollar index is up by 0.2% at 101.58 as of 7:26 a.m. ET.
On Tuesday, the Federal Reserve will begin its two-day meeting. Markets have priced in a 100% probability of a 25 basis point rate hike, according to Bloomberg World Interest Rate Probability data.
Traders will be keeping their eyes on the Fed’s dot plot.
