The dollar rallied near its 20-year high again on Monday as the euro struggled near the $ 1.05 level as investors braced themselves for a busy week of central bank meetings.
The euro has also come under pressure after a poll showed industrial production growth for the euro zone stalled last month as factories struggled to get raw materials. prime and demand was affected by the increase in prices.
Investors expect the Federal Reserve to raise interest rates by 50 basis points when it meets on Tuesday and Wednesday. The markets in Asia and London are closed for holidays.
The dollar index rose 5% in April, the best performance monthly since January 2015. The dollar index has recorded 103.36 in recent trading, in increase of 0.1% on the day. The euro fell 0.2% to $ 1.0525.
The British pound price fell 0.1% to $ 1.2570 and the yen against the dollar fell to 129.91 yen.
Other central bank meetings this week include the Bank of England meeting on Thursday, which is expected to raise interest rates by 25 basis points to 1%.
Read More About: Business News
