Currency Markets Brace for Major Central Bank Rate Decisions

The dollar traded in narrow ranges amid anticipation of central bank rate decisions. President Trump's absence of tariff announcements adds uncertainty. The Bank of Japan is expected to raise rates, while the Federal Reserve and European Central Bank rate decisions are also awaited, affecting currency movements.

The dollar remained tightly bound within a narrow trading range against major currencies as investors await central bank policy decisions. The lack of tariff announcements from U.S. President Donald Trump has led to uncertainty regarding the currency's direction.

Rate decisions from key financial institutions such as the U.S. Federal Reserve and the European Central Bank are on the docket for next week. These decisions are anticipated to significantly influence currency markets.

While the euro and yen movements are under observation, attention is also on Trump's potential policies, including the proposed tariffs on imports from major economic regions like China and Europe. The market remains cautious about potential volatility based on Trump's forthcoming announcements.

(With inputs from agencies.)