The dollar was slightly higher against most of its peers in early trading in Europe Wednesday, supported overnight by fresh reports suggesting a lack of progress in trade talks with China.
However, it has settled firmly into a narrow range as the market waits for the end of the Federal Reserve’s two-day policy meeting.

The dollar index, which measures the greenback against a basket of six major currencies, was at 95.928, up 0.1% from late Tuesday.

The Fed is due to release its policy statement at 2:00 PM ET (1800 GMT), and markets already appear to have priced in some softening of its stance, although it’s far from certain what shape that might take.
At 04:00 AM ET (0800 GMT), the euro was a touch lower against the dollar at $1.1351, while the British pound was also down 0.2% at $1.3239.

The pound has retreated a little after reports suggesting the EU will take a hard line with any request from Prime Minister Theresa May to push back the March 29 deadline for Brexit. EU leaders are due to start a summit in Brussels later today, and May is expected to present her request on Thursday morning.