Fed meeting hogs spotlight, yen keeps sliding

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Reuters UK

By Alun John HONG KONG (Reuters) – The yen remained under pressure on Tuesday and the euro edged higher as talks between Russian and Ukrainian negotiators continued, but moves were more muted than in recent days as the market’s attention turned to this week’s Fed meeting. The U.S. Federal Reserve is set to raise rates for the first time since the pandemic at its meeting which concludes Wednesday, with traders looking for indications about the pace of future rate hikes. Markets anticipate a 25 basis point rise at this meeting, according to the CME’s Fedwatch tool, but pricing has risen to indic…

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