Dollar pushes higher ahead of pivotal Fed meeting

LONDON (Reuters) – The dollar rose for a fifth straight session on Wednesday, while stock and bond markets trod water as traders braced for what could be a crucial Federal Reserve meeting later in the day. Japan’s yen was at a 4-month low after the BOJ finally ditched sub-zero rates, but the focus was on whether the Fed signals that it now expects to cut U.S. rates twice this year rather than the three that markets have been hoping for. The greenback was standing almost 0.5% higher on the day in Europe, where the pound dipped after soft UK inflation data and luxury goods stocks tumbled after a hefty profit warning from Gucci maker Kering. [.EU] Bond markets were awaiting…