Busy Central Bank Week Continues, Dollar Holds Near 18 Month High!

Busy Central Bank Week Continues, Dollar Holds Near 18 Month High!

HONG KONG (Reuters) - The dollar held on to most of last week's gains on Monday but remained near 18-month highs against major currencies as bearish market turmoil wiped out some supply from port facilities.

However, important meetings of the central banks of Australia, Great Britain and Europe will take place in the coming days. 

The euro was at $1.1161, up 0.16% after falling to $1.1119 on Friday, its lowest since June 2020.
 

The Australian dollar was at $0.701, up 0.35 % after hitting its lowest level since July 2020 on Friday.

The dollar had its best week in seven months last week, helped by investors seeking safety amid a sell-off in riskier assets and  analysts who upgraded their forecasts for the US.
 

The interest rate to the interest rate.47 per dollar, in the midst of its recent assortment, which rises from the wind of the increase in frequency expectations with low perspective of installments at home, but rises from a certain demand for him as a safehaven.
 

While no policy changes are expected, analysts are beginning to warn that forthcoming rate hikes by the Fed will limit the ECB's window of opportunity.

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