China’s yuan steadies versus dollar ahead of Fed decision
The yuan held near-steady levels against the dollar on Wednesday as markets waited for the Federal Reserve’s policy outcome, even after the central bank strengthened official guidance.
China's yuan steadied against the dollar on Wednesday even as the central bank set a much stronger official guidance rate, with investors remaining on the sidelines ahead of the Federal Reserve's policy decision later in the day. The dollar held onto recent gains and traded near multi-week highs.