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Dollar drifts as traders cast gaze toward FOMC TOKYO (Reuters) - FX Signals - The dollar languished near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week's Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus. The dollar index, which measures the currency against six rivals, was at 92.506, little changed from Wednesday. It reached a two-week high of 92.887 at the start of the week, only to drop to a one-week low of 92.321 on Tuesday after a softer-than-expected inflation report. Its low for the month was 91.941, hit on Sept. 3, when payrolls data disappointed. "We're waiting for the FOMC next week - that remains the key focus," said Shinichiro Kadota, senior FX strategist at Barclays (LON:BARC) in Tokyo. "I don't think the dollar is going to go too far in either direction (before that)." The Federal Open Market Committee's (FOMC) two-day policy meeting ending Sept. 22 should provide some clarity on the outlook for both tapering and eventual interest rate hikes. Tapering typically lifts the dollar as it suggests the Fed is one step closer to tighter monetary policy. It also means the central bank will be buying fewer debt assets, in effect reducing the amount of dollars in circulation, which in turn lifts the currency's value. Euro set for biggest monthly drop FX SIGNALS The dollar eased 0.1% to 109.24 yen, after sliding to a six-week low of 109.110 in the previous session. The euro was mostly flat at $1.18095, consolidating between the month's high and low of $1.1909 and $1.17705. Kadota said the yen's strong performance on Wednesday may have been helped by foreign flows into Japanese stocks, with the Nikkei reaching a multi-decade high this week, as well as traders covering of short positions. NORWAY'S CROWN Elsewhere, Norway's crown was little changed at 8.5776 per dollar, edging back toward the more than two-month high of 8.5598 reached overnight amid a rally in oil prices. Against the euro, the crown touched its strongest level since June 25 at 10.1119. "EURNOK is one of the preferred exposures to play a rising crude price, and we're seeing a solid bearish trend here," Chris Weston, head of research at broker Pepperstone in Melbourne, wrote in a note to clients. "If Brent and WTI crude are headed for their respective double tops then EURNOK is going one way in my view." The Australian dollar slipped back toward the lowest this month as Dalian iron ore prices slumped to a new low for the year. The Aussie lost 0.16% to $0.7322, after dipping to $0.73015 on Wednesday for the first time since Aug. 31. Earlier, data showed the country's jobless rate unexpectedly fell to 4.5%, but the statistics bureau said the change reflected a drop in the participation rate rather than a strengthening of the labour market. Dollar languishes amid Pandemic The New Zealand dollar was almost flat at $0.7110, giving up an earlier jump of as much as 0.47% after the economy grew at a much faster pace than expected. The strong gross domestic product data reinforced the view that the central bank will start lifting interest rates despite a recent outbreak of the coronavirus. Dollar drifts as traders cast gaze toward FOMC Dollar Drifts Lower; Stimulus and Vaccine Dollar drifts as traders cast gaze toward FOMC Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! The fundamental forex strategies The technical forex strategies The popular forex strategies In the forex strategies articles Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily. Dollar Drifts Higher; Next Week’s Fed FX Signals The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more... Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. 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