The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.55 during the Asian trading hours on Thursday.
EUR/USD posts modest gains on Wednesday as the last monetary policy meeting by the Fed, looms with investors seem confident that the central bank will reduce rates. Consequently, the Greenback is pressured as seen by the pair which trades at 1.1658 up 0.27%.
The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as Bank of England (BoE) rate-setting members have favoured the gradual removal of monetary policy restrictiveness over aggressive easing.