The dollar fell, while the focus is on central banks
On Monday, the dollar falls against other major currencies, but held above recent lows as markets focused on the political meetings of the central banks in the course of the week.
the dollar’s decline against the background of the renewed decline in oil prices due to continuing concerns over global oversupply and slowing demand.
Falling oil prices undermine market sentiment, placing pressure on European stocks and strengthening demand for safe assets.
USD / JPY The pair has lost 0.37% to 118.33 after Friday’s two-week high 118.87, but is still well above the one-year low last Wednesday.
As expected, on Wednesday at the end of his two-day meeting of the Federal Reserve will keep interest rates after the first increase in nearly a decade in December.
Investors focused on the Fed’s policy statement to find any indication that the central bank may slow the pace of interest rate increases this year after the recent global financial market turmoil.
The yen weakened after the Bank of Japan on Friday, the head Haruhiko Kuroda said that if necessary, the central bank is ready to provide additional stimulus.
The two-day meeting of the Bank of Japan will end on Friday. While most analysts do not expect any change in the monetary policy of the bank, the weakness of recent economic reports sparked hope for additional stimulus this year.
On Monday, data showed that the volume of Japanese exports fell in December by 8% in annual terms. Exports declining for the third consecutive month, under pressure from the Chinese slowdown.
Dollar also goes against the Swiss franc, USD / CHFpoteryala 0.28% to 1.0131.
Low-yielding euro notes rise against the US dollar, with EUR / USDpodrosla 0.32% to 1.0830, retreating from a two-week low 1.0776 on Thursday.
The single currency weakened across the board after ECB President Mario Draghi on Thursday signaled the possibility of fresh easing measures at the end of the March meeting of the European Central Bank.
In the euro zone, data on Monday showed that German business sentiment weakened somewhat this month.
IFO business climate index in Germany fell a seasonally adjusted this month to 107.3 from 108.6 in December, although the forecast decline to 108.4.
USD index, which tracks the US currency against a basket of six major rivals, fell 0.19% to 99.41, while maintaining support for more than one-month high of 99.79 on Thursday.
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