Dollar steady, with Fed pause eyed in busy central bank week

The US Dollar remained close to recent multi-week lows against major currencies as central bank meetings commence. This week sees the meetings of the Federal Reserve, the Bank of Japan (BOJ) and the European Central Bank (ECB), with policy announcements being keenly monitored for future rates clues. The US Dollar was last seen at 103.58, having lost almost 0.5% last week, while traders are increasingly expecting a pause from the Federal Reserve. Meanwhile, most economists polled predict a 25bp interest rate hike from the ECB this week, and a similar rise again in July.