Dollar heads towards 3-month lows before Fed meeting; Draghi eyed
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LONDON (Reuters) - The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low before a U.S. central bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.A CME Fedwatch tool puts the probability of a quarter-point interest rate cut by the Fed at 20%, with a 70% probability of a rate cut at its next meeting in July.But with so much dovishness already priced into the markets and the dollar having weakened 1%..