The US dollar released a tiny portion of its gains at the start of the week on Wednesday, with traders being cautious ahead of the expected status quo from the Federal Reserve (Fed) on its rates and a series of American economic indicators. Investors expect that the Fed, which makes its decision later in the session after two days of meeting, will keep its interest rates unchanged for the fifth time in a row, in a range between 4.25% and 4.50%

The Australian dollar held steady on Wednesday, dealing calmly through a series of surprisingly low inflation figures that only consolidated bets on lower interest rates next month, while bond yields fell. The data showed that the general consumer price index rose by 0.7% in the second quarter, slightly less than the forecast of 0.8%, bringing the annual pace to 2.1%. Importantly, the truncated average of core inflation was 0.6%, below the expected 0.7%

The New Zealand dollar rose 0.2% to $0.5966 after falling 0.25% overnight, marking its fourth consecutive session of decline. It is now facing resistance at 60 cents.

The euro stabilized on Wednesday near its lowest level in a month, after suffering heavy losses this week, as investors assessed the cost of the trade deal between the United States and the EU and eagerly awaited monetary policy meetings between the United States and the EU and eagerly awaited the Federal Reserve's monetary policy meetings. e; rale and the Bank of Japan. The euro was up 0.12% to $1.1558 in early trading after falling during the first two days of the week and reaching a one-month low of $1.15185 on