US dollar falls ahead of Fed decision

The US dollar weakened against other major currencies while the British pound advanced as traders looked ahead to this week's Federal Reserve decision and the Scottish independence vote. The dollar earlier this month hit multi-month highs against the euro and the yen amid expectations that the US central bank was closer to tightening monetary policy than its counterparts in other major economies. But Tuesday's foreign exchange trade suggested the market has become more cautious about the prospects that the policy-setting Federal Open Market Committee will shift significantly from its easy-money monetary policy. The FOMC is due to release a policy statement around 1800 GMT on Wednesday (0400 AEST Thursday), followed by a news conference with Fed Chair Janet Yellen, according to skynews.com