Dollar Little Changed as Federal Reserve Says Inflation Predominant Risk

(Bloomberg) -- The dollar was little changed against the euro and yen after the Federal Reserve said in its statement inflation remains its predominant concern, reducing speculation on a cut in borrowing costs later this year.

The Fed held its benchmark rate steady at 5.25 percent for a seventh straight meeting since raising it to that level in June. Traders expect the European Central Bank will signal tomorrow a boost in borrowing costs is likely next month.


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