The dollar rose slightly on the statements of the Fed officials
On Monday, the US dollar rose. The attention of players in the forex markets focused on meetings of central banks, which will take place in the next two weeks. On Thursday, a meeting of the European Central Bank. Then the decision on monetary policy will be taken by the Bank of Japan, and next week - by the US central bank.
The US dollar index , which shows the purchasing power of the dollar against a trade-weighted basket of six major currencies, rose 0.1% to 96.875.
Last week, interest rate forecasts of 50 basis points were significantly strengthened after statements in favor of monetary policy easing made by the head of the New York Fed John John Williams. However, investors had to lower their forecasts after the Fed's press secretary announced that the statements made did not relate to the decisions to be taken at the next Fed meeting.
Even more strongly, forecasts for a sharp decline in interest rates weakened after The Wall Street Journal reported that the Fed is likely to lower the interest rate by 25 basis points this month and may continue this decline in the future, given the slowdown in global economic growth and trade uncertainty.
On Friday, the President of the Federal Reserve Bank of St. Louis, James Ballard, said he was in favor of reducing the interest rate by a quarter percentage point during a meeting of the US central bank at the end of the month.
The EUR / USD pair fell 0.04% to 1.1215. Market players will closely follow the European Central Bank meeting, assessing the steps that Mario Draghi will take to support the eurozone economy.
The USD / JPY pair rose 0.3% to 107.96. On Wednesday, there are data on business activity in the manufacturing sector in Japan.
The pair GBP / USD fell by 0.1% amid growing concerns about the "hard" Brexit. Last week, the British pound fell close to its minimum in 27 months, but recovered slightly by Friday.
The course of the AUD / USD pair changed slightly at the position of 0.7038, and the NZD / USD rate rose 0.2% to 0.6776.