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  • Investing.com

    Dollar Largely Flat; Fed Meeting Looms Large

    The dollar was largely unchanged in early European trade Monday, with traders showing caution ahead of the latest two-day meeting of the Federal Reserve. The greenback saw some gains last week after the U.S. consumer price index jumped 5.0% year-on-year in May, the sharpest rise in more than a dozen years, raising fears the Federal Reserve will be forced into reining in its ultra easy monetary policies earlier than expected.

  • AUD/USD and NZD/USD Fundamental Daily Forecast – Federal Reserve Decisions Likely to Set Early Tone
    FX Empire

    AUD/USD and NZD/USD Fundamental Daily Forecast – Federal Reserve Decisions Likely to Set Early Tone

    Although the Fed is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the U.S. Dollar.

  • Hedge Funds Look for RBA’s Lowe to Kickstart Aussie Dollar Rally
    Bloomberg

    Hedge Funds Look for RBA’s Lowe to Kickstart Aussie Dollar Rally

    (Bloomberg) -- Hedge funds are bullish on the Australian dollar, and two key events this week may vindicate their convictions.Australian jobs data and a speech by central bank Governor Philip Lowe could provide the trigger for the Aussie to rise above 78 U.S. cents before it encounters resistance at 80 cents. Leveraged funds hold a net long position of 20,509 contracts in the currency in the week ended June 8, according to data from the Commodity Futures Trading Commission.The Aussie has been la