Early trade in New York: dollar rises versus majors

The dollar rose against major currencies on Wednesday, erasing early losses, as investors bought the currency for fear the Federal Reserve may not signal any new plans to stimulate the economy at a meeting this week. The currency's gains were not big and traders said there was little conviction behind them, as reflected by several back-and-forth moves inside fairly tight ranges.
The euro was down 0.3 percent at $1.4399 while the dollar reversed early losses to trade up 0.2 percent at 76.80 yen.