Consolidation for the euro before key Fed meeting

The single currency rose minimal against the dollar before today's meeting of the US Federal Reserve.
The currency pair EUR/USD climbed to 1.1105, this is the fourth consecutive session, closing at 1.11. For the year, the euro rose 2.6% against the US dollar. Investors' expectations for the Fed today are, that the institution will not take changes in interest rates in the US, despite good data on inflation and employment in the country. Although the Fed signaled in December for four raises interest rates this year, economists are of the opinion that there are more than two and that the Fed will likely wait until June or September for this step. The euro fell against the yen to 125.70, but rose against the British pound to 0.7846.