Dollar index upside traders wait for the Federal Reserve's policy meeting next w
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The dollar rose for second days on Thursday as traders further cut the dollar short positions, preparing for the FOMC meeting next week. The market is expected to raise interest rates for the first time this year.
The dollar index rose 0.5% to 90.106. Since early this month, the index is down about 0.7%.
"The data released recently are mixed, including the strong employment data and weak salary growth data released last Friday. Before next week's FOMC meeting, traders may be cutting their US dollar short positions," said Fawad Razaqzada, a market analyst at Forex.com.
However, analysts say the dollar is still in the doldrums, as the political uncertainty of the president Trump's cabinet and worries about trade war are reignited.
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