Dollar rises before the US central meeting, but is heading to record the fourth monthly loss

The dollar rose on Tuesday, ahead of an expected series of central bank decisions, but remained on track for its fourth straight monthly loss.

The Federal Reserve is set to set interest rates on Wednesday and this will be followed by interest rates from the European Central Bank and the Bank of England on Thursday.

The currencies did not find a specific direction to follow during the night, as the euro fell against the dollar in early trading in Europe and fell in the latest trading by 0.41 percent to 1.081 dollars.

But the euro remains up more than 0.8 percent for the month, hovering around a nine-month peak after falling energy prices gave the euro zone economy room to move.

The dollar index, which measures the currency’s performance against a basket of currencies, rose 0.31 percent to 102.56 on Tuesday.

But it is still down 0.9% for the entire month of January, which means it is on course to record its fourth consecutive monthly loss, down 11% since reaching a 20-year peak in late September.

The pound sterling fell in the latest trading by 0.29 percent, recording $ 1,231, but it is on its way to recording gains for the fourth consecutive month.

The Japanese yen rose 0.1 percent, recording 130.34 per dollar, and is on its way to recording an increase for the third month in a row, as markets expect a change in the country’s monetary policy.

The Australian dollar fell in the latest transactions by 0.74 percent to $ 0.701, and the New Zealand dollar also fell 0.63 percent, recording $ 0.643.