Dollar steady in Asia before Fed meeting

TOKYO, Oct 28 (AFP):  The dollar held steady in Asia on Tuesday before the US Federal Reserve starts a two-day policy meeting that is expected to see it wind up its six-year-old stimulus programme.
The greenback edged up to 107.86 yen in afternoon Tokyo trade from 107.78 yen in New York.
The euro rose to $1.2701 and 137.00 yen from $1.2699 and 136.86 yen in US trade.
While bank policymakers are widely tipped to bring an end to the Fed's vast asset-buying programme, traders will be monitoring what they have to say about interest rates.
The Fed has repeatedly said the first rise would come "a considerable time" after the bond-buying stops, but investors want to know how its language will change once it has come to an end.
It had been expected to start lifting rates early next year, but recent turbulence in the global economy-with weakness from Japan to China to Europe-could see it hold off from any movement until much later.
The dollar will likely remain stuck in a tight 107.70-108.10 yen range in Asian trading ahead of the meeting, said Atsushi Hirano, head of forex sales Japan at RBS.