The dollar is hovering in suspense ahead of the Fed

The dollar isn't budging ahead of the conclusion of the Federal Reserve's September meeting.

The US dollar index was little changed at 91.73 at 8:48 a.m. ET.

On Wednesday, the Fed is expected to keep its benchmark interest rate unchanged between 1% and 1.25% and announce the process for unwinding its massive balance sheet.

The greenback has fallen 9.4% versus a basket of its peers since President Donald Trump's inauguration on January 20.

As for other FX news, here was the scoreboard at 8:53 a.m. ET:

• The euro is little changed at 1.1993 against the dollar after data showed German PPI rose 2.6% year-over-year in August, above expectations of a 2.5% jump.
• The British pound is up 0.2% at 1.3534 against the dollar after retail sales rose 1% month-over-month in August, above expectations of 0.2%.
• The Japanese yen is higher by 0.2% at 111.43 per dollar.
• The Canadian dollar is stronger by 0.3% at 1.2256 per dollar.
• The Russian ruble is up 0.6% at 57.8120 per dollar.

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