Reuters
FOREX-Dollar flat to slightly up as investors cautious ahead of U.S. payrolls
* Focus on Friday’s non-farm payrolls * Dollar has been on upward mode since Fed meeting mid-month * Euro-dollar one-year implied vol near lowest since March 2020 * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Recasts, adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, June 28 (Reuters) – The U.S. dollar was little changed to slightly higher on Monday, with investors mostly cautious ahead of Friday’s U.S. non-farm payrolls report that could dictate the direction of the Federal Reserve’s monetary policy. The dollar has been on an upside trajectory since the outcome of the Federal Open Market Committee meeting a few weeks ago, as Fed officials penciled in two rate hikes for 2023.
