Dollar drops before fed as Goldman Asset losing steam

The dollar declined from a seven-week high as investors braced for the Federal Reserve policy decision while Goldman Sachs Asset Management said the greenback’s rally is set to fizzle. The U.S. currency weakened against all of its Group-of-10 peers after a higher-than-expected U.S. inflation report Sept. 16 drove the greenback to its highest since July. Goldman Sachs Group Inc.’s money-management unit said it expects the U.S. central bank to forgo an interest-rate increase this week and tighten policy more gradually than previously expected.The dollar has declined 3.5 percent this year with Fed policymakers holding off on raising rates as concern over Brexit and global economic growth stayed their hand.