On Monday, the dollar lost one little ground, while the pound sterling strengthened as a crucial week for central banks. The Indian rupee ended the The session was virtually stable on Monday.

The dollar was losing ground a bit Monday and the pound was doing well, with investors expecting A rate cut by the Federal Reserve (Fed) on Wednesday and a status quo side Bank of England (BoE) on Thursday.

Around 11:40 a.m., the greenback was crumbling by 0.11% against the single European currency, to 1.1747 dollars for one euro, and fell more sharply (-0.28%) against the British pound, to 1.3595 dollars. The “greenback” also dropped 0.11% against the franc, one dollar worth 0.7950 francs around 12:10

The American motto “continues to Trade near its recent lows” ahead of the Fed meeting on Tuesday and Wednesday, but the market is only considering a cut of 0.25 points percentage of its interest rates, notes Lee Hardman of MUFG. For “trigger a further fall in the dollar, the Fed should either proceed to a greater drop in its rates”, “or to indicate that bigger declines are being considered if the American labor market continues to deteriorate”, believes the analyst.

The British pound rose against the Dollar and Euro on Monday, as investors prepare for a week marked by major decisions by central banks, the Reserve Federal American having to lower its rates and the Bank of England maintaining its monetary policy unchanged.

The British currency has reached its highest high level against the dollar since the beginning of July before reducing its gains, finally settling at $1.3583. Against the euro, the pound won 0.2% to 86.33 pence, while staying within its recent range.

The Indian rupee has finished the session On Monday almost stable, the support offered by a dollar generally more low, having been offset by a persistent demand for coverage of share of importers and undynamic flows of foreign portfolios.

The rupee closed at 88.21 against US dollar, a slight increase compared to its close previous to 88.2750.

Although the currency has peaked intraday at 88,1475, traders pointed out that the demand for dollars from local importers, in particular oil companies, had erased part of his earnings at the end of the session.