⁍ The dollar fell to a two-week low versus the yen on Tuesday on expectations the Federal Reserve will maintain its downbeat stance.

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⁍ The Fed begins a two-day meeting on Tuesday and analysts expect the U.S. central bank to affirm its current zero-interest-rate policy.

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⁍ The dollar index was slightly up on the day at 93.111 =USD, as the greenback recovered somewhat after the euro reversed earlier gains.

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– The Federal Reserve begins a two-day meeting Tuesday, and analysts expect it to keep interest rates near zero as it grapples with the H1N1 pandemic and the US presidential election. “There’s a possible dovish risk to the Fed meeting,” an analyst at OANDA in New York tells Reuters. “And you’ll probably find the dollar vulnerable leading up to the Fed announcement.” Indeed, the dollar dropped to a two-week low against the yen on Tuesday on expectations the Fed will maintain its downbeat stance on the US economy as it grapples with the pandemic, and keep US interest rates near zero for some time. “The US central bank will be wary of uncertainty the US presidential election will bring with it and wouldn’t want to cause unnecessary turmoil in the financial markets,” an analyst at ThinkMarkets.com in London tells Reuters.