Economic news

Dollar drifts, central bank meetings in focus

Traders in the currency market were cautious on Monday in the beginning of the week of central banks policy meetings worldwide. The U.S. Federal Reserve is expected to increase interest rates, while the Bank of England and the European Central Bank are likely to hold rates unchanged.

The euro ticked up less than 0.05 percent to $1.1778.

Sterling slipped 0.1 percent to $1.3377, the weakest level in almost two weeks.

The Japanese yen inched up less than 0.05 percent to 113.47 per dollar.

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