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Dollar holds steady as global banks prep for big moves

Business

The US dollar is staying strong while everyone waits to see what major central banks in the UK, Europe, and Japan decide next.
There's talk that President Trump might pick a new Federal Reserve leader who likes lower interest rates.
Over in the UK, the pound slipped after weak inflation numbers sparked expectations of an upcoming Bank of England rate cut.
Meanwhile, Japan's yen slid further as their central bank kicked off a meeting where a rate hike could be on the table.

What else is happening?

Japan's central bank might raise its interest rate to 0.75% to tackle rising prices, while Europe looks set to keep things unchanged for now.
The British pound could face more pressure if the Bank of England cuts rates soon.
On another note, the yen just hit record lows against the Swiss franc.
Even with all this financial drama, bitcoin and ether managed small gains.