Cautious optimism supports dollar ahead of ECB

World News: . []

Cautious optimism supports dollar ahead of ECBFragile investor confidence supported the dollar and weakened the yen on Wednesday but currency markets kept to tight ranges ahead of series of major central bank meetings over the next week. Investor focus for now is centred on the European Central Bank's meeting on Thursday, which is expected to push interest rates even further into negative territory. The ECB could set the tone for upcoming rate-setting decisions by the U.S. Federal Reserve and the Bank of Japan next week, and for the broader global risk appetite.

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