Economics
Dollar Up for a Second Day as Euro Dragged Lower by Crosses
- Catalonia developments eyed as Thursday ECB meeting awaited
- Loonie declines toward 100-DMA before Bank of Canada meeting
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The dollar rose for a second session and touched its highest since July 14 as traders geared up for a week of central bank meetings, starting with Canada on Wednesday.
The Bloomberg Dollar Spot Index advanced nearly 0.3 percent to new daily peak in the New York afternoon as the euro fell to session lows against the greenback, yen and pound. While the market waits for more news on the Federal Reserve leadership succession and the U.S. budget, this week will also see decisions from the Bank of Canada, Norges Bank, Riksbank and the European Central Bank.