Dollar hovers near one-month high with market frozen before Fed test | Malay Mail

TOKYO, June 15 — The dollar hovered below a one-month high compared with major peers today ahead of a much-anticipated Federal Reserve meeting that could signal a change in the outlook for US monetary policy.

It has pushed briefly above 90.60 in each of the last two sessions, and 90.63 would be the strongest level since May 14. “While Powell will tread carefully, I expect that the Fed is warming to a more open discussion about tapering, to be formally announced in the September meeting,” Chris Weston, head of research at broker Pepperstone in Melbourne, wrote in a note to clients.

Currency markets settled in tight ranges with implied volatility plumbing multi-month lows after last week’s strong inflation readings and a dovish European Central Bank meeting failed to dislodge currencies from recent trading levels.

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Stocks tread water as investors await Fed policy insights | Malay MailWASHINGTON, June 15 — Global stock markets were mixed while US Treasury yields ticked up yesterday, as investors waited for the results of a Federal Reserve policy meeting before making any major new bets. The continued hope for a rapid economic comeback put wind in the sails of oil markets as...
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