The dollar edged higher against its major peers as traders adjusted positions before a Group-of-7 summit this week and policy decisions by the Federal Reserve and European Central Bank next week.
“Investors are pausing a bit ahead of next week’s events, with the FOMC immediately followed by ECB,” said Jun Kato, chief market analyst at Shinkin Asset Management in Tokyo. “The trade spat that’s broadening beyond U.S.-China to the EU, Mexico and Canada along with the U.S.-North Korea meeting also risks triggering dollar selling on disappointment”
Source: Bloomberg Pro Terminal
Trader Aleksandar Kumanov