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Dollar edges up in steady markets before central bank meetings

Mount Equity Group Tokyo, Japan > News > Markets > Dollar edges up in steady markets before central bank meetings

A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic

  • Dollar index creeps up 0.1%
  • Bank of Canada meets on Wednesday
  • Bank of Japan, European Central Bank meet on Thursday

NEW YORK, Oct 26 (Reuters) – The U.S. dollar edged up on Tuesday in narrow-range trading as markets awaited news from upcoming central bank meetings that might spark volatility.

After a report showed that U.S. consumers were more confident about the economy than expected, the dollar index rose modestly and was up 0.1% at 93.9280 at 3:30 p.m. EDT (1903 GMT). read more

The greenback mostly hovered around a point midway between its one-year high reached earlier this month and the one-month low touched early on Monday.

Analysts said the dollar might continue to hold steady pending a slew of central bank meetings and economic data that could shift views on interest rates, inflation and growth rates.

Yields on 10-year U.S. and German…

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