Fed pause expectations keep lid on dollar

  • The dollar index was marginally higher, fetching 95.80 at 0244 GMT.
  • Raphael Bostic, the Atlanta Fed President, who is not a voting member of the Federal Open market Committee this year, said the Fed may only need to raise rates once in 2019.
  • Market expectations for further Fed tightening this year have shifted markedly in the last few months, with some traders now expecting even a rate cut this year.