Dollar weakens before Fed decision

The dollar declined against a basket of major currencies as markets awaited the U.S. Federal Reserve's decision on interest rates, amid concerns over possible monetary easing amidst escalating geopolitical tensions following the U.S.-Iran agreement. At the same time, the Japanese yen remained stable at levels that raise fears of intervention by authorities, despite the Bank of Japan's rate hike to its highest level in 31 years. Markets remain cautious ahead of the Federal Reserve's announcement and its economic outlook.

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