The US dollar was flat against most major currencies today, amid caution for the Federal Reserve rate decision and the Fed Chief Jerome Powell's press conference.

The US Federal Reserve will unveil today on the interest rates, with most forecasts to keep it unchanged between 1.75% and 1.50%.

The decision will be followed by Fed Chair Jerome Powell's speech to comment on the decision, which may include hints about the future of the US monetary policy in the near-term.

Bearing in mind that the Fed has cut interest rates three times this year, but hinted a pause to assess the appropriate path and the implications of last three cuts of this year.

Most Fed's members hinted this policy in order to assess the domestic and global economic situations.

As for trading, the dollar index held against a basket of currencies at 97.3 points as of 18:58 GMT, and hit an intraday high of 97.6 and a low of 97.03.

British pound rose today, ahead of the UK early general election launch, which was requested by British PM Boris Johnson and the House of Commons approved it.

Latest opinion polls showed that Johnson's Conservative Party is the most favourable to bag a parliamentary majority over the Labour Party, which indicates a potential UK exit from the EU at the end of January.

Johnson previously said that if his party won the majority in the December 12 election, Brexit would be implemented in time, which will end the lingering uncertainty that dominated British circles since the Brexit referendum in mid-2016.

Should Jeremy Corbyn's Labour Party win the majority, the uncertainty will increase as the party wants to negotiate a better deal with Brussels, to avoid repercussions of a bad Brexit deal.

As for trading, GBP/USD rose 0.4% to 1.3207 as of 20:51 GMT, the pair hit a high of 1.3214 and a low of 1.3108.

Gold prices rose today, benefiting from uncertainty and caution for the Federal Reserve decision and the US dollar's tilt lower.

The US Federal Reserve will unveil today on the interest rates, with most forecasts to keep it unchanged between 1.75% and 1.50%.

The decision will be followed by Fed Chair Jerome Powell's speech about economic outlook and latest developments in the domestic and global arenas.

Otherwise, the dollar index held against a basket of currencies at 97.3 points as of 18:58 GMT, and hit an intraday high of 97.6 and a low of 97.03.

Gold futures (February delivery) rose by 0.5% to close at $1,475 an ounce, with a high of $1,477 and a low of $1,466.9.

Silver prices rose today, as safe-haven demand rebounded on precious metals amid caution for the Federal Reserve decision and a retreat in the US dollar.

The US Federal Reserve decided today in a widely expected move to hold interest rates unchanged between 1.75% and 1.50%, and hinted a pause in 2020, with no hints for a cut in the next year amid a positive outlook for the US economy.

Otherwise, the dollar index fell against a basket of currencies by 0.3% to 97.1 points as of 21:07 GMT, and hit an intraday high of 97.6 and a low of 97.04.

Focus will turn to the British parliamentary election tomorrow, which will show the fate of the Brexit, amid broad expectations that conservatives led by PM Boris Johnson will bag the majority of seats.

Silver futures (March delivery) rose by 0.9%, or 14.7 cents to close at $16,849 an ounce, with a high of $17.025 and a low of $16.65.