India, Sept. 16 -- The Australian and NZ dollars firmed against their major counterparts in the European session on Wednesday, as investors awaited the U.S. Federal Reserve's monetary policy decision amid hopes that it will maintain its accommodative stance for the foreseeable future.
The Fed is widely expected to leave interest rates unchanged when it ends its two-day meeting later in the day.
The policy statement is due out at 2 pm ET, followed by remarks from Powell a half-hour later.
Investors focus on further details on the bank's new inflation targeting strategy that will keep interest rates lower for a prolonged period.
The Fed funds futures project implied rates pinned down near zero through 2023.
The Bank of Japan and the Bank...