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Dollar slips lower as the markets prepare for Fed meeting

Dollar slides lower as markets brace for Fed meeting

The dollar slipped lower against the major currencies on Tuesday, as investors prepared for the monthly policy meeting of the Federal Reserve, which begins at the end of the day.

The EUR / USD rose 0.21% to 1.1019, minimum slackening a month Friday of 1.0951.
US data released this week optimistic States continued to support expectations of a rate hike by the US central bank In the near future.

While most investors expect the Fed to leave its monetary policy unchanged this week, could give clues on the timing of future rate increases.

Meanwhile, the USD / JPY fell 1.36% to trade at 104.35, the lowest level since July 14.
The yen was boosted by a Nikkei report saying that the Japanese government plans to direct fiscal stimulus of about 6 trillion yen ($ 56 billion) in the coming years, disappointing expectations for as much as 10 zillion to 20 trillion yen fiscal stimulus.

The dollar had climbed up to 107.49 last week as expectations of investors had set for Tokyo to provide an aggressive stimulus package.

Market players are also facing policy meeting the Bank of Japan later this week. The BOJ is expected that a more expansionary policy at the conclusion of its meeting on Friday, which could include a rate cut deeper into negative territory and purchases of additional assets.

The pound remained stable, with GBP / USD at 1.3139, while USD / CHF fell 0.21% to 0.9837.
Expectations of a rate, but the Bank of England at its policy meeting in August mounted after the Financial Times reported that Martin Weale, committee member rate-setting Bank of England, ceased to oppose the relaxation and now favored immediate stimulus.

The dollars of Australia and New Zealand were stronger, with AUD / USD rose 0.84% ​​to 0.7533 and NZD / USD rally 1.23% to 0.7081.

Earlier Tuesday, Statistics New Zealand said the trade surplus was reduced to NZ $ 127 million in June from NZ $ 358 million the previous month, compared with expectations for a trade surplus of NZ $ 125 million .
Elsewhere, the USD / CAD fell 0.17% to trade at 1.3197, compared with four peak months of the previous session of 1.3243.

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