Singapore, April 29 (QNA) - The dollar rose slightly on Wednesday, as investors awaited the decision of the Federal Reserve on interest rates, amid escalation in West Asia.
The euro fell by 0.07 percent against the US currency to reach USD 1.1705, and the pound sterling declined by 0.05 percent to USD 1.3513, while the Japanese currency did not change much against the US currency and remained at 159.63 yen per dollar.
The dollar index, which measures the strength of the US currency against a basket of currencies, stabilized at 98.68 points.
The Canadian dollar did not see any significant change ahead of the Bank of Canada interest rate decision, scheduled for Wednesday. It recorded 1.3685 against the US dollar. Meanwhile, the New Zealand dollar fell by 0.4 percent to USD 0.5862.
The Australian dollar declined by 0.26 percent to USD 0.7164, after it slipped slightly following the release of local inflation data, which showed continued price pressures despite the trimmed mean measure of core inflation coming in slightly below expectations. (QNA)