Dollar eases as traders eye upcoming central bank decisions

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Monday but remained near a six-month high in muted trading as traders awaited interest rate decisions this week by the Federal Reserve, Bank of England and Bank of Japan. “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.,” said Michael Brown, market analyst at Trader X. The U.S. dollar index, which measures the currency against six major counte…

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