Dollar steady, with Fed pause eyed in busy central bank week
newscatcher
2023-06-12 04:31
Dollar steady, with Fed pause eyed in busy central bank week
SINGAPORE – The dollar held its ground on Monday but was still near multi-week lows against some of its major peers as traders were on guard ahead of central bank meetings this week, including the Federal Reserve's where it will announce its rates decision. The U.S. currency was pinned near a one-month low against the British pound and the Aussie in early Asia trade at $1.25805 and $0.6745, respectively, though moves were subdued with most of Australia closed for a holiday. Policy meetings of the Fed, the European Central Bank (ECB) and the Bank of Japan (BOJ) will set the tone for the week, as markets seek clues from policymakers on the future path of interest rates.

https://business.inquirer.net/404986/dollar-steady-with-fed-pause-eyed-in-busy-central-bank-week

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