Euro higher against dollar; investors wait for Fed

(AP) The euro is slightly higher against the dollar as investors await a statement from the Federal Reserve.

The Fed gives its latest economic outlook later Wednesday, and Chairman Ben Bernanke holds a news conference. The Fed may announce additional steps to help the U.S. economy.

The euro is trading at $1.3037, up from $1.3003 late Tuesday.

In other currency trades, the British pound is essentially flat against the dollar at $1.6114. The dollar is slipping against the Swiss franc. It's also down slightly against the Canadian dollar but up against the Japanese yen.