The US Dollar on The Positive Side Ahead of The Fed Meeting

The US dollar index traded on the positive side on Wednesday near 91.90 amid a state of caution prevailing among traders ahead of the highly anticipated Fed meeting later in the day.

Investors are anticipating that the Fed will raise growth forecasts after approving the massive stimulus package plus the recent turmoil in the bond market increases speculation that the Fed may have to adjust its policy to calm fears of yields.