England dollar rate in india

Synopsis The dollar has weakened slightly and traded within a tight range in anticipation of the US Federal Reserve’s anticipated announcement on interest rates. The body is expected to announce its interest rate decision on Wednesday with markets marking an 80% chance of rates remaining the same. Sterling rose 0.07% to $1.2520, following hawkish comments from Bank of England policymakers who said interest rates could rise further if inflation remained resilient. Meanwhile, the euro rose 0.04% to $1.0760, ahead of Thursday’s interest rate decision from the European Central Bank. Markets are currently pricing in an 80% chance that the Fed will keep rates on hold at this week's meeting, according to the CME FedWatch tool. Those expectations kept risk sentiment buoyant, pinning the U.S. dollar near multi-week lows against the risk-sensitive Australia and New Zealand dollars. The Aussie was last 0.04% higher at $0.6753, after hitting a one-month top of $0.6774 in the previous session. "(But) I think the Fed's probably not going to hike ... and they'll sound a bit dovish, and that's going to push the U.S. dollar back down again." Elsewhere, sterling rose 0.07% to $1.2520, after scaling a one-month peak of $1.2600 on Monday on hawkish comments by Bank of England policymakers, who said interest rates may have further to rise as inflation remains sticky. The euro gained 0.04% to $1.0760, with traders also focused on Thursday's interest rate decision from the European Central Bank,...

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