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The US dollar rose at the start of trading today to erase some of its losses ahead of the Fed meeting, which is widely expected to raise interest rates
This week, the markets will be looking at a number of important events and economic data. The most important of which will be the first meeting of Federal Reserve Chairman Jerome Powell.
The US dollar hit its lowest level against the Japanese Yen since early March on the back of the recent turmoil in Trump's administration
The pound fell against the US dollar on speculation that a Brexit agreement would be reached. The GBPUSD reached its highest level since February 27
Sterling Pound continues to rise for the fourth day in a row to hit a 3-week high of 1.3995 as the US dollar weakened,
The US dollar trimmed gains versus the Japanese yen following the inflation data, which came in line with market expectations in February,
This week comes with a few events and important economic data, and most of the trading on the first day of the week is relatively calm, following the recovery of the US dollar
The Bank of Japan kept its monetary easing policy early this morning and Governor Kuroda confirmed that it would not be thought of changing it before achieving inflation target of 2%.
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