The euro pulled back from a
three-week high against the dollar hit earlier on Wednesday as
investors repositioned ahead of a policy statement from the U.S.
Most traders expect the Federal Reserve to restate its
intention to keep rates near zero throughout 2014 and possibly
hint at more easing, especially after recent weaker jobs data.
Such comments could be positive for the single
However, traders expected any gains in the euro on the Fed
statement to be limited as the currency remained vulnerable to
budget problems and political uncertainty in several euro zone
GCC rail completion deadline seen at 2020
The completion date of the GCC rail, which will connect all six Gulf states, might be pushed back to 2020, the chairman of the UAE’s Federal Transport Authority (FTA) said.