NEWS： Because traders bet that the Fed's position is more dovish
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The dollar fell slightly against a basket of major currencies on Tuesday amid market concerns about the strength of the U.S. economy and expectations that the U.S. Federal Reserve (FED/Federal Reserve) will take a pigeon stance at this week's meeting, putting pressure on the dollar.
The dollar index fell 0.15% to 96.375, hovering near its two-week low hit overnight.
Analysts said traders focused on the Federal Reserve, looking for clues to the future direction of US borrowing costs from the conference statement, and whether the Federal Reserve would reiterate its commitment to "patient" monetary policy. The Federal Reserve began a two-day policy meeting on Tuesday.
Analysts said investors would pay special attention to whether policymakers have adequately cut interest rate expectations to make the "dot map" more consistent. The lattice chart shows each policymaker's view of interest rates for the next three years.
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