Dollar robust as Fed headlines big week for central banks

Published by
Reuters UK

By Dhara Ranasinghe LONDON (Reuters) -The dollar held firm near two-decade highs against other major currencies on Monday, biding its time ahead of a slew of central bank meetings that will include one by the U.S. Federal Reserve that is likely to deliver another hefty rate hike. Trade was generally subdued, with markets in London and Tokyo closed for public holidays. Still, the dollar maintained its firm tone, given expectations that the Fed would maintain its aggressive rate-hike path to contain uncomfortably high inflation. The dollar index, which measures the currency against six counterpa…

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