Dollar Mixed Awaiting Fed Statement

NEW YORK (TheStreet) -- The dollar was mixed today as investors continue to await word from the Federal Reserve. By early afternoon, the dollar was gaining at 1.0999 Canadian dollars, but was down to 1.0806 Swiss francs.

Against the Japanese currency, the dollar was also losing at 95.9850 yen.

The Fed's Open Market Committee is meeting Tuesday and Wednesday. Though no one expects any changes to the Fed's key interest rate, all are awaiting the Fed's statement to be released on Wednesday. The much anticipated announcement will be picked apart in hopes of divining any insight from the Fed about the current and future economic climate.

Stocks were also off today, led by slides in financial bellwethers like Bank of America(BAC Quote), JPMorgan Chase(JPM Quote), Citigroup(C Quote), MBIA(MBI Quote) and CIT Group(CIT Quote).

The euro was also climbing in the afternoon to $1.4159, while the British pound was bidding up at $1.6491.

The Australian dollar was also sliding, down to 83.06 U.S. cents.

-- Reported by Sung Moss in New York