Dollar moves down before the FOMC meeting

Investing.com - The dollar moved lower against major currencies on Monday, as sentiment on the dollar became brittle before the monthly policy meeting of the Federal Reserve to begin on Tuesday. The USD / JPY down 0.45% to 106.51, about one and a half months minimum of 105.75 hit earlier in the session. Markets have pushed back expectations on the timing of the next rate hike by the US central bank after a US jobs report gloomy for May, which showed that the rate of slower job growth since September 2010. Meanwhile, the yen strengthened as a safe haven weak outside China and Japan economic data on Monday hit the outlook for economic growth in Asia. Data from China showed that the growth of investment in fixed assets fell below 10% for the first time since 2000 in the period from January to May. Another report showed the index of business sentiment survey in Japan's large manufacturers fell to minus 11.1 in the second quarter, from a reading of minus 7.9 in the first three months of the year. The EUR / USD rose 0.34% to 1.1290. The dollar turned lower against the pound, with GBP / USD rose 0.19% to 1.4282 and remained stable against the Swiss franc, with USD / CHF at 0.9657. Sterling came under pressure in recent sessions amid fears that an outflow of UK Brexit or the European Union in the referendum of June 23 could trigger a period of uncertainty in financial markets and hit growth in the region . An opinion poll conducted by the International ORB Friday put support for a Brexit at 53%, compared with 47% for the rest. The dollars of Australia and New Zealand were higher, with AUD / USD up 0.31% to 0.7397 and NZD / USD adding 0.13% to 0.7064. Elsewhere, the USD / CAD was little changed at 1.2779. The US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was down 0.21% to 94.44, away from a one-week high of 94.83 hit earlier on Monday .

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