Dollar Down, Investors Await Central Bank Meetings By Investing.com

By Gina Lee

Investing.com – The dollar was down on Monday morning in Asia. Investors are awaiting central bank meetings from places such as Australia, the UK, and Europe.

The that tracks the greenback against a basket of other currencies edged down 0.11% to 97.155 by 10:41 PM ET (3:41 AM GMT).

Analysts believe there is an over 90% chance that there will be at least four by the end of 2022 and 67% chances of at least five.

“The USD ‘smiled’ again, drawing on a combination of rates repricing and much weaker risk sentiment,” analysts at Barclays (LON:) told Reuters

The pair was up 0.26% to 115.54.

The pair was up 0.36% to 0.7011. Analysts await meeting on Tuesday morning as they are expecting an announcement to end its quantitative easing program.

Meanwhile, the central bank’s governor will speak on Wednesday and a statement on will be released on Friday.

The week “will go far to define the psychology of the market for the next few months,” Westpac analysts told Reuters. “That QE will cease will not be a surprise, so the real focus is on the RBA’s shifting economic view and its implications for the (benchmark) cash rate.”

The pair increased 0.46% to 0.6564.

The pair stay unchanged at 6.3610. Data released on Sunday showed that China’s January (PMI) was 50.1, and was 51.1.

The pair inched up 0.06% to 1.3412. The has a meeting on Thursday. Investors expect the BOE will increase the interest rate for the second time in less than two months. The country’s inflation surged to its highest point in nearly 30 years and the central bank phased out some stimulus policies in place since the start of the COVID-19 pandemic.

Meanwhile, the European Central Bank (ECB) will also have a meeting on Thursday, but analysts do not expect any policy change.