Video PlayerClose

NEW YORK, July 25 (Xinhua) -- The U.S. dollar traded mixedagainst other major currencies on Tuesday as the Federal Reservekicked off its two-day monetary policy meeting.

The U.S. central bank was widely expected to keep interest ratesunchanged after this meeting.

After concluding its meeting last month, the Fed raised theinterest rates for the fourth time since December 2015, andunveiled plan to start trimming its balance sheet. Market analystssaid the Fed might start the balance sheet reduction as early as inSeptember.

On the economic front, the Conference Board Consumer ConfidenceIndex, which had declined in June, improved in July. The Index nowstands at 121.1, up from 117.3 in June. The latest reading was wayabove market expectations of 117.0.

The dollar index, which measures the greenback against six majorpeers, was up 0.09 percent at 94.058 in late trading.

In late New York trading, the euro rose to 1.1649 U.S. dollarsfrom 1.1641 U.S. dollars, and the British pound stayed flat at1.3034 U.S. dollars. The Australian dollar added to 0.7936 U.S.dollar from 0.7922 U.S. dollar.

The U.S. dollar bought 111.82 Japanese yen, higher than 111.12yen of the previous session. The U.S. dollar increased to 0.9513Swiss franc from 0.9459 Swiss franc, and it edged up to 1.2518Canadian dollars from 1.2510 Canadian dollars. Enditem