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Dollar was lingering stagnantly but slightly weaker against majors yesterday as concerns over Greek default remained high and traders continued to unload government bonds at an elevated level.
But dollar trading yen was quite weaker as the huge bear volumes are seen during the course of the day. On the other hand US equities were also showing tepid moves remained unchanged to end the closing session.
When the Federal Reserve announces the outcome of its next meeting on June 17, there's one number trader will be looking for first: where officials expect the benchmark federal funds rate to be at the end of the year.
Earlier the median estimate of the officials who sit on the U.S. central bank's policy setting FOMC was 0.625% implying two interest rate increases this year. All market anticipations as of today are the earlier policy stance would be in place in September.
