FOREX-Dollar changed little as traders seek guidance from Fed meeting

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* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, June 14 (Reuters) – The US dollar held steady against major currencies on Monday, after recording its biggest weekly gain in addition month, as traders closed short positions ahead of a Federal Reserve policy meeting this week. The greenback was trading little changed at $ 1.21075 against the euro in Asia, after hitting a nearly one-month high of $ 1.2093 in the previous session, amid caution ahead of the meeting of the Fed which will run two days through Wednesday. The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4. The dollar index, which measures the US currency against six rivals, was broadly flat at 90.510 from 90.612 on Friday. He finished last week with a 0.4% lead. In recent weeks, the index has fluctuated as traders weighed in whether inflationary pressure as the economy reopens after the pandemic could force the Federal Open Market Committee (FOMC) to cut stimulus earlier. Repeated comments from policymakers that inflation is transient have allayed these concerns, but markets are also now anticipating that the Fed may be on the verge of giving clues as to when to scale back its asset purchase program. . “The dollar’s repositioning shows some nerves as the FOMC policy update approaches,” NAB strategist Jason Wong wrote in a note. “Over the past month, there seems to have been a growing chorus that the time to talk about cutting bond purchases has been reached.” Among other currencies, the New Zealand dollar continued its decline from last week to trade at $ 0.71315, after hitting its lowest level since mid-April at $ 0.71160 on Friday. . In cryptocurrencies, bitcoin traded around $ 39,000 after recovering nearly $ 31,000 last week. Rival Ether was around $ 2,500, in the middle of a trading range that has narrowed over the past month. =================================================== ====== Currency Bid Price at 0029 GMT Description RIC Last US Close Percentage Change YTD High Bid Low Bid Previous Change Session Euro / Dollar $ 1.2105 $ 1.2109 -0.03% -0.92 % +1.2112 +1.2103 Dollar / Yen 109.7550 109.6600 + 0.09% + 6.26% +109.7650 +109.7300 Euro / Yen Dollar / Switzerland 0.8983 0.8980 + 0.05% + 1.55% +0 , 8983 +0.8978 Sterling / Dollar 1.4114 1.4114 + 0.01% + 3.32% +1.4118 +1.4096 Dollar / Canadian 1.2160 1.2170 -0.08% – 4.51% +1.2164 +1.2157 Aussie / Dollar 0.7704 0.7707 -0.04% + 0.15% +0.7710 +0.7701 NZ 0.7137 0.7128 + 0.13% -0.61% +0.7141 +0.7130 Dollar / Dollar All spots Tokyo spots Europe Volatilities Tokyo Forex market info from BOJ (Report by Kevin Buckland; Editing by Himani Sarkar)



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