The dollar fell on Monday amid anticipation and caution from traders ahead of monetary policy decisions this week from several major central banks, including the Federal Reserve, with expectations that interest rates will remain unchanged for the first time since January 2022. The dollar index dropped about 0.5% last week, marking its worst weekly performance since mid-April. It decreased by 0.1% in the latest trading.
The euro rose 0.2% in early London trading after increasing 0.4% last week. The Japanese yen fell to 139.49 against the dollar, prior to a meeting of the Bank of Japan. The New Zealand dollar increased 0.1% in the latest trades, while the British pound rose 0.1% and the Australian dollar climbed 0.3%.
