US Dollar Loses Ground Against Rupiah and Pound Ahead of Fed Decision

The US Dollar weakened against both the Indonesian Rupiah and British Pound on Wednesday as investors awaited the Federal Reserve’s upcoming policy announcement. According to FX Street, the USD/IDR pair reversed two days of gains, trading around 18,120 during Asian hours, reflecting the dollar’s struggle ahead of the Fed decision.

Meanwhile, the GBP/USD rate edged higher to approximately 1.3300, recovering from a flat session the previous day, FX Street reported. The cautious market mood highlights uncertainty about the Fed’s next move, which is expected to influence global currency markets significantly.

In related developments, Citadel is betting on a Fed rate hike on Wednesday, while bitcoin analysts are forecasting a hold, according to CoinDesk. For Japanese investors, the Fed’s decision remains a key event, as it could impact yen crosses and risk appetite across FX, crypto, and equities markets.