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Dollar keeps tight ranges ahead of Fed, jobs data

Published by
Reuters UK

By Brigid Riley TOKYO (Reuters) – The dollar held narrow ranges against its major peers on Tuesday, as traders awaited the Federal Reserve’s monetary policy decision for clues on when the U.S. central bank might cut rates. In the meantime, jobs opening data from the U.S. Department of Labor Statistics due later in the day will act as a preview to the closely watched payroll report to be released on Friday. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. While the Fed is expected to hold interest…

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