The U.S. dollar traded in a range Wednesday, after the Federal Reserve kept interest rates unchanged.
The dollar index briefly popped about 0.2 percent higher, before holding 0.1 percent lower, at 94.48.
EUR/USD in last 5 days
The Fed was expected to leave rates unchanged as it continues to monitor the impact from weakening global growth, but some analysts said the central bank could alter its language to highlight reduced global risks.
"Economic activity appears to have slowed," the Federal Open Market Committee said in a statement released after its two-day meeting this week. "Growth in household spending has moderated, although households' real income has risen at a solid rate and consumer sentiment remains high."
The statement highlighted the many conflicting signs in the U.S. economy – consistent job growth and an improving housing market against slowdowns in business investment and exports.
Higher U.S. rates generally boost the dollar by driving investment flows into the United States.