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Dollar off before Fed meeting as euro hits $1.07 on ECB rate hike talk

Published 13/03/2017, 08:08
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Investing.com - The dollar was lower Monday with the FOMC widely expected to raise rates Wednesday.
The dollar index was off 0.43% at 100.94 at 03:30 ET.
FOMC seen hiking its target rate by 25 bp Wednesday after nonfarm payrolls beat estimates.
The market is currently pricing in a 93% chance of a Fed hike.
The market is coming around to the idea of three rate hikes this year in line with the Fed's "dot-plot" signals.
The euro rose 0.23% to $1.0703 on talk of a possible ECB rate hike before the end of its QE program.
The yen firmed 0.08% to 114.71 with the BoJ expected Thursday to leave policy on hold.
The pound was up as the UK neared formally triggering Article 50 to leave the EU.
The BoE is also due Thursday to decide on monetary policy.

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