The Dollar is gaining ground to other major currencies during early Tuesday trading, as investors readjust their positioning in relation to the greenback ahead of tomorrow’s Federal Reserve meeting. The extraordinary surprise caused by Friday’s employment numbers, with 2.5 million new jobs created in the US during the month of May, shifted market expectation on tomorrow’s Fed meeting. It is now seen as less likely that the American central bank will issue forward guidance contemplating negative interest rates, something that many investors had started preparing for and triggered Dollar losses exceeding 3% between late May and early June.
