U.S. dollar rises ahead of central bank meetings

2021-12-14 04:39

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NEW YORK, Dec. 13 (Xinhua) -- The U.S. dollar increased in late trading on Monday as market participants are awaiting a slew of central bank meetings.

The dollar index, which measures the greenback against six major peers, rose 0.22 percent at 96.3125.

In late New York trading, the euro was down to 1.1289 U.S. dollars from 1.1311 dollars in the previous session, and the British pound was down to 1.3218 dollars from 1.3257 U.S. dollars in the previous session. The Australian dollar was down to 0.7138 U.S. dollar from 0.7169 dollar.

The U.S. dollar bought 113.52 Japanese yen, higher than 113.42 Japanese yen of the previous session. The U.S. dollar was up to 0.9220 Swiss franc from 0.9209 Swiss franc, and it was up to 1.2795 Canadian dollars from 1.2728 Canadian dollars.

It is a busy week for central banks, with the U.S. Federal Reserve's two-day policy meeting on Tuesday and Wednesday. The Fed is expected to drop language characterizing inflation as transitory and increase the taper pace.

The Bank of England meets on Thursday and is now expected to leave rates unchanged due to Omicron risk. The European Central Bank meeting is also on Thursday. No policy changes are expected.
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