U.S. Dollar Starts the Week with Fed in Mind

The dollar started trade in Asia on Monday pretty much where New York left it as investors waited to see if the Federal Reserve would begin to scale back its massive bond buying stimulus program this week.

The dollar index was little changed at 80.195, having risen late last week on growing expectations the Fed could finally begin to withdraw support at its Dec 17-18 policy meeting.

“It’s still 50/50 as to whether the Fed will announce tapering,” said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

CNBC

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