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Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsSINGAPORE - The U.S. dollar was a shade softer in early deals on Monday, thinned by a holiday in Japan, though the yen, euro and sterling stayed near the bottom of the ranges hit during Friday's volatile session.
The Federal Reserve's May 1 policy review is the prime focus for markets this week, with investors already anticipating a delay in its rate cuts after a batch of sticky U.S. inflation and as officials including Chair Jerome Powell emphasise even those plans are dependent on data. "The bar is pretty high for a sustained hawkish surprise, which would in turn lift yields," he said, referring to the Fed.
"The BOJ disappointment might be transcribed onto the FOMC insofar that they may be more undecided than decidedly hawkish."
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