It remains far from certain, however, that the Fed will move at its meeting on June 14 and 15
A run of Chinese data is expected to show activity moderated in April after a strong showing in March
The data suggest that the economy will probably not rebound strongly in the second quarter after growth slowed to a crawl in the first three months of the year
There will be a lot of volatility and there may be sharp reversal in direction as well
Participants expressed a view that the global economic and financial situation still posed appreciable downside risks
The currency fell last week when Fed policymakers revised down the interest rates.
Trend to continue in near term on dollar's weakness
Eight of the 10 major S&P sectors closed higher
US crude gained 53 cents to $36.87 a barrel, while Brent rose 39 cents to $39.13
June seems certainly like a possibility for the Fed's next rate hike, said former Minneapolis Fed President
The Dodd-Frank financial overhaul required the Fed to write the proposed rule on the cap, known as the single counterparty credit limit
The gradualism of the current overhaul has a steely edge that the banks and their lobbyists have not been able to resist