FOREX-Dollar little changed as traders seek direction from Fed meeting - Reuters

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    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

    By Kevin Buckland
    TOKYO, June 14 (Reuters) - The U.S. dollar held steady
against major currencies on Monday, after posting its biggest
weekly gain in more than a 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 touching an almost one-month
top of $1.2093 in the previous session, amid caution ahead of
the Fed meeting that runs two days to 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 U.S. currency
against six rivals, was mostly flat at 90.510 from as high as
90.612 on Friday. It finished last week with a 0.4% advance.
    In recent weeks, the index has fluctuated as traders weighed
if inflationary pressure as the economy reopens after the
pandemic could force the Federal Open Market Committee (FOMC)
into an earlier tapering of stimulus. 
    Repeated comments by policy makers that inflation would be
transitory calmed those jitters, but markets also now anticipate
the Fed may be close to giving clues on the timing for slimming
its asset-purchase programme.
    "The dollar repositioning shows some nerves heading into the
FOMC policy update," NAB strategist Jason Wong wrote in a note.
    "Over the past month there appears to have been a growing
chorus that the time to talk about tapering bond purchases had
been reached."
    Among other currencies, New Zealand's dollar held
onto declines from last week to trade at $0.71315, after
matching the lowest since mid-April at $0.71160 on Friday.
    In cryptocurrencies, bitcoin traded around
$39,000 after recovering from close to $31,000 last week. 
    Rival ether was at around $2,500, the middle of a
narrowing trading range spanning the past month.
    
========================================================
    Currency bid prices at 0029 GMT
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     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         <EURJPY=EB  132.86         132.79      +0.05%         +4.68%      +132.9100   +132.7500
                  S>                                                                            
 Dollar/Swiss                 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 spots 
Volatilities 
Tokyo Forex market info from BOJ 

    
 (Reporting by Kevin Buckland; Editing by Himani Sarkar)
  

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June 14, 2021 at 08:04AM
https://www.reuters.com/article/global-forex/forex-dollar-little-changed-as-traders-seek-direction-from-fed-meeting-idUSL3N2NW01G

FOREX-Dollar little changed as traders seek direction from Fed meeting - Reuters

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