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Dollar Holds Gains Ahead of Fed Decision; UK Budget in Focus

The US dollar held gains after reaching a two-week high, while investors awaited the UK government's first budget.

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By Johann M Cherian and Gregor Stuart HunterThe US dollar held onto gains on Wednesday after reaching a two-week high ahead of the Federal Reserve's interest rate decision, while sterling was in focus as investors awaited the Andy Burnham government's first budget, hoping it would avoid a heavy rel…