FOREX-Dollar holds below two-month highs as Fed policy in focus, sterling slips
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds quotes, updates prices; changes dateline, previous LONDON) By Karen Brettell NEW YORK, June 24 (Reuters) – The dollar dipped on Thursday as investors evaluated the likelihood that the U.S. Federal Reserve will be more aggressive in stamping out high inflation if it persists, while the pound weakened after the Bank of England made no changes to its monetary policy. Fed policymakers have been offering differing viewpoints on how long inflation is likely to stay high and when it will be appropriate to tighten monetary policy, after the Fed last week surprised markets by forecasting two rate hikes in 2023. The dollar has slipped since reaching two-month highs on Friday in the wake of the Fed meeting. “I do suspect we’ll have a little bit more consolidation and then some more dollar upside,” said Erik Nelson, a macro strategist at Wells Fargo in New York. “The Fed put the…
