Speculators are holding onto much more bullish views in Chicago-traded corn than traders expected following a historic dive in futures, though last week’s overall selling was on the heavier side with funds shedding length in corn, soybeans and soybean meal. Collectively across CBOT grains and oilseeds and including Minneapolis wheat, the week ended May 18 .
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TOKYO The dollar stood near its lowest level in three months against a resurgent euro, struggling for traction as investors pared earlier bets the U.S. Federal Reserve may soon be ready to taper its stimulus.
The dollar index, measuring the greenback against a basket of six currencies, was hovering at 90.027, a tad above a three-month low of 89.646 set on Friday.
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Minutes from the Fed’s April policy meeting released last week showed a sizable minority of policymakers wanted to discuss tapering bond purchase.
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Dollar near three-month low, weighed by Fed s dovish tilt The dollar stood near its lowest level in three months against a resurgent euro, and traders pared earlier bets the Federal Reserve may move soon to taper its stimulus though markets were not fully convinced that higher U.S. inflation is transient.
FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo
24 May 2021 11:50AM Share this content
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TOKYO: The dollar stood near its lowest level in three months against a resurgent euro, and traders pared earlier bets the Federal Reserve may move soon to taper its stimulus though markets were not fully convinced that higher U.S. inflation is transient.