Arab Today, arab today dollar mixed ahead of central bank meetings
Last Updated : GMT 06:49:37
Arab Today, arab today
Arab Today, arab today

Dollar mixed ahead of central bank meetings

Arab Today, arab today

Arab Today, arab today Dollar mixed ahead of central bank meetings

Dollar mixed
New York - XINHUA

 The U.S. dollar traded mixed against major currencies Monday as investors were reluctant to make big bets ahead of central bank meetings later in the week.
Analysts believed a series of central bank meetings will dominate the market this week, with the meeting of the Reserve Bank of Australia on Tuesday, European Central Bank and the Bank of England on Thursday, and the Bank of Japan on Friday.
In the previous session, the U.S. dollar declined as U.S. nonfarm payroll report for July failed to meet market expectations, which may leave more space for the Federal Reserve to keep the interest rates low for a longer period to boost the economy.
The U.S. central bank last week reduced its bond-buying program by another 10 billion dollars, staying on the course of ending the purchases in October.
The greenback posted its largest monthly gain in July, after a report showed that the U.S. economy unexpectedly increased 4 percent in the second quarter, reversing a contraction in the previous quarter.
In late New York trading, the euro fell to 1.3419 dollars from 1.3428 dollars of the previous session, and the British pound increased to 1.6854 dollars from 1.6831 dollars. The Australian dollar climbed to 0.9331 dollars from 0.9312 dollars.
The dollar was little changed at 102.55 Japanese yen. The dollar went up to 0.9068 from 0.9059 Swiss francs, and it moved down to 1.0909 Canadian dollars from 1.0921 Canadian dollars.

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