On Thursday the dollar index, measured against a basket of currencies, was flat was the euro rose 0.3 percent to $1.1983, off the low of $1.1938 it fell to on Wednesday.
The dollar eased 0.1 percent to 109.68 yen, inching away from a three-month peak of 110.05 yen set on Wednesday.
With the Fed’s meeting out of the way, focus is shifting to U.S. jobs data due on Friday for further indications of the strength of the economy and inflation pressures.
• A U.S. trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying if need be, but it was better to work things out at the negotiating table.
A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two-day visit, though a package of short-term Chinese measures could delay a U.S. decision to impose tariffs on about $50 billion worth of Chinese exports.
• China has ordered three northern cities to stop approving new projects that would add to air pollution after they failed to meet air quality targets this past winter.
Wang, the Handan mayor, said in a prepared speech that the city would make big sacrifices to tackle pollution.
He said the city planned to close another 300,000 tonnes of steelmaking capacity, 1.1 million tonnes of coal-producing capacity and 268 megawatts of coal-fired power by August. He said three officials have been fired and 14 given warnings.
• China is apparently no longer buying U.S. soybeans amid the rise in trade tensions, Bloomberg reported Wednesday.
"Whatever they're buying is non-U.S.," Soren Schroder, CEO of New York-based Bunge, the world's largest oilseeds processor, told the news outlet in a phone interview. "They're buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S."
• Cambridge Analytica, the firm embroiled in a controversy over its handling of Facebook Inc (FB.O) user data, and its British parent SCL Elections Ltd, are shutting down immediately after suffering a sharp drop in business, the company said on Wednesday.
Allegations of the improper use of data for 87 million Facebook users by Cambridge Analytica, which was hired by President Donald Trump’s 2016 U.S. election campaign, has hurt the shares of the world’s biggest social network and prompted multiple official investigations in the United States and Europe.
• United Nations Secretary-General Antonio Guterres warned on Thursday against scrapping an international deal on Iran’s nuclear programme unless there was a good alternative in place.
U.S. President Donald Trump has been threatening to pull out of the agreement, leading to diplomatic tensions with Iran as well as with U.S. allies keen to preserve the agreement.
• Oil dipped on Thursday, weighed down by swelling U.S. crude inventories and record weekly U.S. production that undermined efforts by OPEC to cut supplies, although potential new U.S. sanctions against Iran kept markets on the edge.
Brent crude oil futures LCOc1 were at $73.31 per barrel at 0654 GMT, down 5 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were down just 1 cent at $67.92 per barrel.
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