NEWS: The dollar rebounded from the six-and-a-half rebound market to focus on the Fede

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The dollar rebounded from a recent low on Tuesday as traders bet on the US interest rate hike in June and the market is waiting to be scheduled for Wednesday's meeting of the US Federal Reserve Board (FED / Fed) meeting in early May.

The dollar index rose 0.43%, reported 97.405, is expected to two weeks to the best single-day performance. The index fell to more than six months on Monday.

Some traders have recently bet the dollar, and the dollar has been sold to make them lock in profits.

"Some currency pairs have some profit taking," said Alfonso Esparza, senior foreign exchange analyst at OANDA.

On Tuesday, US Treasury Secretary Nouqin said that although he hoped to carry out tax reform this year, it would not start before August.

Nuqin said the Trump government believes that its budget will increase capital investment and job creation to promote economic growth.

Traders are also concerned about the minutes of the Fed's last policy meeting to see if there will be a cue in June. The record will be released on Wednesday GMT1800.


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