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  • NEWS Desk Global

DOLLAR EASES AS WEEK OF KEY CENTRAL BANK DECISIONS KICKS OFF


The U.S. dollar edged down against a basket of currencies on Monday but remained near a six-month high, as traders looked ahead to decisions on interest rates this week from the Federal Reserve, the Bank of England and the Bank of Japan. Currency moves were largely muted on Monday as investors were hesitant to make big directional wagers ahead of the week's slew of central bank interest rate decisions. "The plethora of event risk and central bank meetings coming up is keeping a lid on volatility, and with traders really not wanting to chase moves or take on significant risk before the FOMC, BoE, BoJ, etc.," Michael Brown, market analyst at Trader X, said. The U.S. dollar index , which measures the currency against six major counterparts, was down 0.27% at 105.11, not far from the six-month high of 105.43 touched on Thursday. The index rose for its ninth straight week last week, its longest winning streak in nearly a decade.

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