The Canadian dollar and Australian dollar were in focus today ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar\'s prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. The dollar rally, lost momentum last week. The main events investors are watching this week are the European Central Bank (ECB) policy meeting on Thursday and China\'s closed-door Central Economic Work Conference. On the former, a quarter point cut by the ECB is baked in. On China, analysts suspect there won\'t be any big stimulus proposals or targets until there\'s more clarity on what Donald Trump plans to do around trade tariffs after he assumes office in January. In major currencies today, the USD was 0.07% lower versus the Yen at 149.91. The euro and the pound were 0.14% and 0.07% lower against the USD at $1.0554 and $1.2739 respectively. The Indian rupee opened almost flat at 84.69/70, against its previous session’s close of also 84.69/70 and is expected to trade between 84.65 - 84.75 band today.
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