Dollar pins hopes on Fed, yen bounces on profit-taking


SYDNEY/TOKYO: The dollar moved little in Asia on Monday as investors waited to see if the Federal Reserve would begin to scale back its massive bond buying stimulus programme this week.

The only notable mover in Asia was the yen, which recovered slightly off a five-year low against the dollar as some traders trimmed their huge yen-selling positions ahead of the Fed's Dec 17-18 policy meeting.

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forex , dollar , yen , Federal Reserve

   

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