Euro close to home as traders await central bank meeting US dollar

The U.S. dollar was little changed on Thursday in Asia as traders remain cautious ahead of key central bank meetings this week and next.

The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 97.203 by 12:42 AM ET (04:42 GMT), down 0.03%.

The USD/JPY pair inched down 0.1% to 108.60.

Central banks in Japan and United States are due to review policy next week, while traders also await the European Central Bank’s meeting due later in the day.

No major policy announcement is expected, but the meeting is expected to generate some attention as it isthe final one for current President Mario Draghi, who will end his eight-year term at the ECB at the end of the month.

The EUR/USD pair inched up 0.1% to 1.1135.

The GBP/USD pair was near flat at 1.2916. Brexit developments continued to dominate headlines in the U.K. after parliament forced a delay in the government’s Brexit plans.

On Tuesday, parliament opposed British Prime Minister Boris Johnson‘s three day timetable for passing Brexit legislation. The stage now looks set to push for a general election before Christmas to break the impasse.

It is up to the EU to decide whether to extend Britain’s Oct. 31 deadline for its departure. Citing one unnamed EU official, the CNBC reported that EU leaders could decide on the delay as early as Thursday.

The AUD/USD pair and the NZD/USD pair inched down 0.1% and 0.2%

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