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FOREX-Dollar flat to slightly up ahead of Fed guidance

    * U.S. 10-year yields jump to 13-month high
    * Fed 2023 rates projections under scrutiny
    * Euro may be hampered by delay in vaccine rollouts
    * Rouble falls after Biden issues warning on Putin 
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

 (Adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, March 17 (Reuters) - The U.S. dollar was flat to slightly higher on Wednesday, with 10-year
Treasury yields hitting fresh 13-month highs ahead of the outcome of a Federal Reserve policy meeting which
could shed some light on the timing of future rate hikes and the central bank's tolerance for rising yields.
    With Fed policymakers expected to forecast the fastest U.S. economic growth in decades in the wake of
COVID-19 vaccinations and $1.9 trillion in new stimulus, market participants will be focused on clues that
the central bank could start raising rates in 2023, earlier than it had said.
    "The spike in U.S. yields dictated the positioning before the Fed," said Edward Moya, senior market
analyst, at online FX broker OANDA. 
    "The market is anticipating a much more optimistic outlook by the Fed and with that you're going to get
higher Treasury yields, and that would be supportive for the dollar," he added.
    The U.S. benchmark 10-year note yield rose to a 13-month peak of 1.676% and was last up at
1.655%.
    Ahead of the Fed statement later on Wednesday, eurodollar futures, which track short-term rate
expectations, have priced a 90% chance of a rate hike by December 2022, with three hikes seen in 2023. 
    In mid-morning trading, the dollar index was flat at 91.865.
    The euro was up 0.1% at $1.1912, after declining in the past three sessions.
    Hurt by a possible delay in the European Union's vaccination effort, the euro seemed set to test last
week's 3-1/2-month low of $1.1835. 
    Europe's medicines watchdog will release results of its investigation into incidents of bleeding, blood
clots and low platelet counts in recipients of AstraZeneca's coronavirus vaccine on Thursday
afternoon.
    Europe's painful recovery from the pandemic is in sharp contrast with other economies, which seem less
dependent on monetary stimulus to pull though. 
    The Bank of Canada for instance is likely to reduce its bond purchases as soon as next month,
strategists say.
    The rouble fell 1.3% against the greenback to 73.78 per dollar, after U.S. President Joe
Biden said Russian President Vladimir Putin would face consequences for directing efforts to swing the 2020
U.S. presidential election to Donald Trump.
    Against the yen, the greenback firmed 0.2% to 109.17 yen, hovering near nine-month highs hit this
week. 
    The British pound was flat at $1.3896%, recovering from profit-taking after it hit a near
three-year high last month on the back of a fast vaccine roll-out.
    Commodity-linked currencies including the Australian dollar, the New Zealand dollar and
the Canadian dollar traded lower against the U.S. dollar.
    In the cryptocurrency market, bitcoin fell 3.4% to $54,978.00, slipping further away from a
record high of $61,781.83 hit on Saturday.
    
    ========================================================
    Currency bid prices at 10:44AM (1444 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 91.8880        91.8730     +0.03%         2.119%        +91.9930    +91.8180
 Euro/Dollar                  $1.1910        $1.1903     +0.06%         -2.52%        +$1.1917    +$1.1887
 Dollar/Yen                   109.1800       109.0200    +0.14%         +5.69%        +109.2450   +109.0650
 Euro/Yen                     130.02         129.75      +0.21%         +2.44%        +130.0500   +129.7200
 Dollar/Swiss                 0.9277         0.9248      +0.32%         +4.87%        +0.9296     +0.9248
 Sterling/Dollar              $1.3892        $1.3895     +0.00%         +1.71%        +$1.3929    +$1.3880
 Dollar/Canadian              1.2476         1.2448      +0.22%         -2.03%        +1.2479     +1.2434
 Aussie/Dollar                $0.7721        $0.7746     -0.32%         +0.37%        +$0.7747    +$0.7711
 Euro/Swiss                   1.1049         1.1007      +0.38%         +2.22%        +1.1061     +1.1006
 Euro/Sterling                0.8572         0.8567      +0.06%         -4.08%        +0.8573     +0.8541
 NZ                           $0.7169        $0.7190     -0.28%         -0.15%        +$0.7194    +$0.7158
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.5020         8.4700      +0.16%         -1.21%        +8.5125     +8.4785
 Euro/Norway                  10.1257        10.0967     +0.29%         -3.26%        +10.1330    +10.0840
 Dollar/Sweden                8.5070         8.4960      +0.27%         +3.81%        +8.5298     +8.4968
 Euro/Sweden                  10.1333        10.1058     +0.27%         +0.56%        +10.1465    +10.1140
 
    
 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Julien Ponthus and Marc Jones in London;
Editing by Giles Elgood and Andrea Ricci)
  
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