Dollar eases ahead of Fed, BOJ meetings; oil up

September 20, 2016 5:12 AM

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The US dollar weakened on Monday on expectations the Federal Reserve will leave interest rates unchanged after its policymakers meet this week, while oil prices rose from multi-week lows.

A growing belief that the Bank of Japan, which also meets this week, will stop short of the dramatic action needed to weaken its currency also weighed on the dollar.

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