The U.S. dollar drifted lower against most of its major rivals on Monday amid expectations the Federal Reserve will be less aggressive at its upcoming meeting later this month.
Policymakers including Fed Governor Christopher Waller, as well as regional Fed Presidents Mary Daly, Loretta Mester, James Bullard, and Raphael Bostic, suggested that a 75 basis-point hike would be appropriate for this month.
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