Sept. 17 (Bloomberg) — The dollar approached a 14-month high amid bets the Federal Reserve may change its pledge in a policy statement to keep interest rates low for a "considerable time."

The Bloomberg Dollar Spot Index dropped earlier after a report showed U.S. consumer prices unexpectedly fell in August. The Federal Open Market Committee ends a two-day policy meeting today. The pound gained before Scotland votes on independence tomorrow, and the Aussie weakened.

The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major counterparts, gained 0.2 percent to 1,048.90 at 11:39 a.m. New York time. It reached 1,052.14 yesterday, the highest level since July 2014. The gauge dropped earlier as much as 0.1 percent.

The dollar gained 0.4 percent to 107.56 yen and reached 107.62 yen, the highest level since September 2008. The greenback was little changed at $1.2951 per euro.

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