By Peter Nurse
Investing.com – The dollar edged lower in early European trade Wednesday in calm trading ahead of next week’s Federal Reserve meeting, while the U.K. budget places sterling in focus.
At 2:30 AM ET (0630 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 93.892.
USD/JPY traded 0.1% lower at 114.03, EUR/USD edged 0.1% higher at 1.1603, while GBP/USD slipped marginally to 1.3763 ahead of Britain’s annual budget.
The Federal Reserve has now gone into a blackout period ahead of next week’s policy-setting meeting, and ahead of this traders are focusing on the release of a series of important data releases.
Elsewhere, AUD/USD rose 0.2% to 0.7513 after Australian core inflation rose at its fastest…