The dollar pared gains against major currencies on Wednesday after the Federal Open Market Committee released a statement saying there remains "considerable time" before an interest rate hike.
This story is developing. Please check again for updates.
The U.S. dollar rebounded against major currencies on Wednesday on expectations that the Federal Reserve would signal rate hikes were on track, while the rouble recovered as buyers stepped in to pick up the Russian currency at cheaper levels.
Anticipation that the Fed would drop its use of the phrase "considerable time" to describe how long interest rates will stay near zero in its final policy statement of the year, due at 2 p.m. ET (1900 GMT), boosted the greenback.
Rate increases are expected to boost the greenback by driving investment flows into the United States.