Dollar Firms Ahead of Fed, ECB and Bank of Japan Meetings

The latest report

Reuters reported that the dollar nudged higher against the euro, yen and pound on 27 October. Traders were preparing for the Federal Reserve's Wednesday decision, followed by the European Central Bank on Thursday and the Bank of Japan on Friday.

All three were expected to hold interest rates, with attention turning to their policy outlooks. Calmer equity markets also helped the dollar against safe-haven currencies such as the yen and Swiss franc.

What traders are watching

Policy guidance, inflation signals and corporate earnings were the key events highlighted in the report. Expectations can change quickly, and an anticipated rate decision does not guarantee a particular currency move.