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US dollar rises ahead of Federal Reserve statement

<p>The US dollar increased against most major currencies as investors were awaiting the Federal Reserve statement due to release on Wednesday</p>

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New York: The US dollar increased against most major currencies as investors were awaiting the Federal Reserve statement due to release on Wednesday. In late New York trading on Tuesday, the euro fell to $1.1161 from $1.1175 of the previous session, and the British pound declined to $1.2975 from $1.3030, Xinhua news agency reported.

The Australian dollar climbed to $0.7550 from $0.7547. The dollar bought 101.83 Japanese yen, higher than 101.79 yen in the previous session. The dollar dipped to 0.9790 Swiss francs from 0.9800 Swiss francs, and it inched up to 1.3213 Canadian dollars from 1.3191 Canadian dollars.

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