Dollar slips as markets wait on Warshs Fed debut

The dollar slipped on optimism over an interim US-Iran peace deal while markets awaited the Federal Reserve policy meeting and new Chair Kevin Warsh's debut. The Fed is widely expected to hold rates at 3.50 to 3.75 percent, with funds futures pricing 61 percent odds of a rate hike by December. Separately, the Bank of Japan raised its benchmark rate by 25 basis points to 1 percent, the highest since 1995, while the Reserve Bank of Australia held rates steady at 4.35 percent.