The dollar index, which measures the greenback against six counterparts, was steady at 109.69. Sweden’s central bank set the tone for a packed week of central bank meetings. The Fed begins its two-day rate-setting meeting later on Tuesday. Markets have fully priced another 75 basis point increase, with around a 15% chance of a super-sized full percentage point increase. The two-year U.S. Treasury yield, which is extremely sensitive to policy expectations, rose as high as 3.973% in early London trade, its highest since November 2007. The Bank of England will decide policy on Thursday, and the Bank of Japan is widely expected to keep its ultra-easy stimulus settings unchanged. The yen has taken a kicking due to . . .
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