Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
The winner will live in a centrally located apartment, receive a "salary" and explore the city to find what makes people there so happy.Liferead more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Euro sags as Trump considers sanctions over Russia gas pipeline
* Brexit woes weigh on pound, crude oil slump hits Aussie, loonie
* Dollar takes increasing Fed rate cut expectations in stride
TOKYO, June 13 (Reuters) - The dollar held its gains early on Thursday after rebounding from 11-week lows, as peers such as the euro, pound and commodity currencies sagged due to troubles of their own.
The dollar index versus a basket of six major currencies was steady at 96.957 after rising more than 0.3% overnight.
The index had dropped to 96.459 on Monday, its lowest since late March, following a sharp decline in long-term U.S. Treasury yields, which fell to near two-year lows last week after a soft U.S. jobs report bolstered expectations for an interest rate cut by the Federal Reserve.
Weakness in other currencies, however, underpinned the dollar's latest bounce despite mounting expectations that the Fed could ease monetary policy in the next few months.
The euro took a hit after U.S. President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project and warned Germany against being dependent on Russia for energy.
Sterling slipped as British lawmakers on Wednesday defeated an attempt led by the opposition Labour Party to try to block a no-deal Brexit.
"Thanks to the poor performance of European currencies, the dollar has managed to rise although the latest inflation data enhanced Fed rate cut expectations," said Takuya Kanda, general manager at Gaitame.Com Research Institute.
"The market now considers monetary easing by the Fed as a foregone conclusion. At the end of the day, the dollar will still remain a relatively high yielding currency even after a rate cut or two."
Data released on Wednesday showed U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Fed to lower interest rates this year.
The euro was a shade higher at $1.1293 after retreating 0.35% overnight, while the pound stood little changed at $1.2692 following a loss of 0.3% on Wednesday.
The dollar was also buoyed as commodity-linked currencies were pressured by a slump in crude oil prices.
The Canadian dollar was little changed at C$1.3337 per dollar after shedding roughly 0.5% the previous day.
The Australian dollar traded near a 12-day low of $0.6925 plumbed on Wednesday, when it shed 0.45%.
Oil prices tumbled 4% on Wednesday to their lowest settlements in nearly five months, weakened by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand.
The dollar was flat at 108.520 yen, confined to a tight range after ending the previous day unchanged. (Editing by Shri Navaratnam)