BoJ, Fed and BoE To Highlight The Week
This week is full of events such as BoJ, Fed and BoE policy meetings. Fed is expected to stand pat and maintain the rates at 1.75-2.00%. But, a rate hike in December is priced in over 72% odds now. Bank of England, on the other hand, should raise rates to 0.75%. BoJ meeting is highlight anticipated, yet it could disappoint most.
The euro remained vulnerable due to ECB’s recent statement that rates will stay at low level. The common currency remained near 1.1649 dollars versus dollar.
The dollar index stayed at 94.717 against the majors. The greenback also grew 0.1% at 111.10 yen. Meanwhile, the Chinese yuan dropped to 6.85 yuan per dollar. Aussie fell 0.1% to 0.7397 dollars. Loonie was down 0.1% to 1.3065 dollars.