LONDON/SINGAPORE—The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss.
The Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE) on Thursday.
Currencies struggled for direction overnight, with the euro slipping against the dollar in early trade in Europe and was last down 0.41 percent at $1.081.
It was “likely some profit-taking ahead of the key event risks just ahead,” said Alvin Tan, head of Asia FX strategy at RBC Capital Markets. Analysts also said investors were likely rebalancing their portfolios at the end of the month….