The dollar was little changed in quiet dealing Monday, ahead of some crucial central bank meetings later in the week.
Traders continued to assess a mixed U.S. jobs report that fell a bit short of expectations. Still, the Federal Reserve is on track to end its quantitative easing program, just as the European Central Bank may announce new stimulus measures.
The prospect of ECB easing helped the dollar to its highest in eight months versus the euro last week. The buck was sitting at $1.34 today, barely budging in the absence of first-tier economic data.
The buck also held its ground versus the yen at Y102.50 and was range-bound near $1.6850 versus the sterling.
The European Central Bank, Bank of Japan, Bank of England and the central banks of India and Australia all hold policy meetings this week.
There is little consensus about when the ECB might announce stimulus, but most economists expect the Bank of England to signal they will push rates up from their record low 0.5 percent before the year is out.
The material has been provided by InstaForex Company – www.instaforex.com