The dollar index is up by +0.07%, boosted by liquidity demand and weakened stocks. Expectations for a -25 bp rate cut by the Fed and concerns over Fed independence are bearish for the dollar.

EUR/USD is down by -0.09% due to the stronger dollar and a downward revision to Eurozone Aug CPI. Central bank divergence supports the euro against the dollar.

USD/JPY is down by -0.16% as the yen climbs to a 1.75-month high against the dollar. Mixed Japanese trade news shows a smaller decline in exports and weaker imports.

Gold and silver prices are down due to a stronger dollar and long liquidation pressures ahead of the FOMC decision. Precious metals receive support from expectations of Fed rate cuts. Geopolitical risks drive demand for gold as a safe-haven asset.

Precious metals prices receive support from fund buying of ETFs, with gold and silver holdings at multi-year highs. Geopolitical risks and political uncertainty drive demand for gold as a safe-haven asset.

Read more at Yahoo Finance: Dollar Posts Modest Gains Ahead of FOMC Decision