Dollar Falls, Yen Rises amid US Rate Cut Expectations

The dollar index fell 0.15% to 100.87 on Monday, while the yen reached its highest levels in more than a year in limited trading, amidst expectations of a rate cut decision by the US Federal Reserve this week. The dollar was down 0.47% at 140.15 yen, falling further from the 140.285 end-December low it struck on Friday to levels last seen in July 2023. Investors are awaiting the US Federal Reserve meeting scheduled for Tuesday and the day after Wednesday in a week full of monetary policy meetings, as interest rate decisions are also expected to be issued by the Bank of England and the Bank of Japan on Thursday and Friday. Sterling edged higher by 0.23% to $1.3155 and briefly touched a 10-day high of $1.31625. The euro also rose 0.2% to $1.1096. Source: Qatar News Agency