Dollar set for fourth monthly drop as Fed meeting looms

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week’s Federal Reserve meeting. Currency trade was subdued in the lead up to Wednesday’s Fed rate decision, and ahead of Bank of England and European Central Bank rate decisions on Thursday, though cautiousness across financial markets gave the greenback a bit of support. The euro wandered as far as $1.0913 on Monday after data showed Spanish inflation running surprisingly hot in January, though the broader mood ha…

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