Asian Session – US dollar softens as Fed begins final policy meeting of the year
Posted on December 13, 2016 at 6:37 am GMTThe Federal Reserve begins a two-day monetary policy meeting today and markets highly anticipate a rate rise of at least 25 basis points. This would be the first increase in a year. US Treasury yields and the dollar have been rising in the buildup to the FOMC meeting. The benchmark 10-year Treasury bond yield jumped to a 2-year high on Monday before steadying. The greenback climbed to a fresh 10-year high of 116.11 yen yesterday but eased slightly to trade [..]