The dollar was in a holding pattern early on Wednesday as markets waited for fresh guidance from the Fed, while a disappointing fall in dairy prices knocked the New Zealand currency broadly lower.

DATA/EVENTS (GMT) 1230 U.S. Consumer prices Feb 1230 U.S. Housing starts Feb 1230 U.S. Building permits Feb 1315 U.S. Industrial output Feb 1800 Federal Open Market Committee releases statement 1830 Fed Chair Janet Yellen holds news conference 

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