U.S. Dollar Slightly Higher Ahead Of FOMC Statement, U.S. CPI Data

U.S. CPI figures are due to be released at 08:30 a.m. EST. March U.S. Dollar Futures were trading at $88.45 ahead of the CPI Data and Wednesday's FOMC post-meeting statement due out in the afternoon. In other Forex markets, the Australian Dollar was lower at $0.8182 against the dollar on a general weak tone. Dollar–Yen USD/JPY was up at $117.10 after a wild day in financial markets Tuesday featured wide swings in stocks and forex markets in reaction to the fall in the Russian ruble and the grind lower crude oil prices. The Euro Currency EUR/USD was lower at $1.2460 and the British Pound was steady at $1.5715. The U.S. Dollar vs. the Canadian Dollar (USD/CAD) was a bit higher at $1.1654.