LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes.
The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a row.
But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase.
The dollar index—which gauges the greenback against a basket of six counterparts that includes the yen, euro, and sterling—eased 0.2 percent to 111.27, but was not far below Tuesday’s high of 111.78, the strongest level since Oct. 25….