The dollar was little changed against the euro and the yen before the Federal Reserve ends a two-day meeting at which policy makers will probably keep interest rates unchanged, ending a cycle of seven reductions. The U.S. currency was also little changed after European Central Bank President Jean-Claude Trichet said inflation pressures in the euro area have increased. The dollar has gained 0.5 percent since Fed Chairman Ben S. Bernanke vowed June 9 to ``strongly resist'' a leap in inflation expectations.

Full story: bloomberg.com