Home Economy FOREX-Dollar finds a footing as traders brace for hawkish Fed

FOREX-Dollar finds a footing as traders brace for hawkish Fed

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    * Dollar holds Friday's jump in Asia
    * Bounce extends to 114.45 yen; Fed funds futures fall
    * China makes surprise 10 bps MLF cut

    By Tom Westbrook
    SYDNEY, Jan 17 (Reuters) - The dollar clung to a late week
bounce on Monday as investors braced for January's U.S. Federal
Reserve meeting and raised bets it will chart a year ahead
holding several rate hikes, while China surprised analysts with
a benchmark cut.
    Chinese economic growth data, due later on Monday (0200
GMT), a Bank of Japan policy meeting which concludes on Tuesday,
British inflation data on Wednesday and Australian jobs figures
on Thursday are also in view as traders gauge the global policy
outlook.
    The dollar was 0.2% higher at 114.45 yen early in
the Asia session, about 0.8% above a Friday low. It also edged
about 0.1% firmer on the euro to $1.1403.
    The moves follow the dollar's jump on Friday along with U.S.
yields and underscore support for the greenback...

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