Investors expect the Federal Reserve to raise rates by 25 basis points on Wednesday, followed the next day by half-point hikes in the Bank of England and the European Central Bank, and any deviation from that script would be a real shock.
The results of the technological giants also They will test the mettle of Wall Street bulls looking to propel the Nasdaq to its best January since 2001.
Interest rate futures see rates peaking at 5% in Marchto fall back to 4.5% at the end of the year.
The dollar index was flat ahead of the meetings, on course for its fourth consecutive monthly loss of more than 1.5%, given the growing expectations that the Federal Reserve is nearing the end of its rate hike cycle.
Yields on 10-year bonds have fallen 33 basis points so far this month, to 3.5%, essentially due to loosening financial conditions, even as the Federal Reserve talks tough about tightening monetary policy.
Market expectations of an early Federal Reserve easing have weighed on the dollar, which has shed 1.6% so far this month at 101.790.
Source: Ambito
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