The prospect of further Fed easing could limit the dollar's gains.

Considering the expectations of Fed easing, would you trim exposure to U.S. banks?

Gold has been supported by expectations of more Fed easing.

The fundamentals do not argue for the Fed easing up.

Fed easing expectations have rapidly inflated Europe's single currency.

Global equities had advanced earlier this month on the prospect of the Fed easing monetary policy.

But talk of Fed easing limited the downside.

But as new Fed easing likely nears, the market has started to tip toward bets on inflation.

If more companies report strong results, that could bolster sentiment, along with hopes for more Fed easing.

Fed officials may use the meeting to start to stake out positions on any further Fed easing.

The euro trimmed losses from earlier in the session, when lowered expectations for Fed easing had boosted the dollar.

As rates climbed earlier this year in reaction to possible Fed easing of its bond-buying policy, the Bear fund posted gains.

The inevitability of continued Fed easing is supported by the discussion, in the minutes and recent speeches, of so-called quantitative thresholds.

And it may gain even more momentum if the new round of Fed easing boosts the U.S. economy in a significant way.

Expectations for further Fed easing continue to build, with money markets pricing in a 25- basis-point cut for the meeting in June.

That could work in your favor if the dollar drops against those currencies, which is often the case during a Fed easing.