The dollar is getting cheaper again against major currencies in trading on Tuesday, this week the main focus is on meetings of major central banks.

Market participants are waiting for the results of a two-day meeting of the Federal Reserve (Fed), which will be summed up on Wednesday. That’s why the dollar is getting the cheapest flights. Traders believe the U.S. central bank will raise its benchmark interest rate by 75 basis points (bps) at the end of its fourth consecutive meeting. As a result, the rate will reach 3.75-4%, its highest level since December 2007.

Traders will closely follow Fed Chairman Jerome Powell’s statements to see if the U.S. Central Bank intends to slow the pace of policy tightening since December, the Financial Times writes.

The Bank of England is also meeting this week and the results will be announced on November 3. Experts expect an increase in the prime rate of the British Central Bank by 75 basis points. – to 3%. The Bank of England has not raised the rate by more than 50 basis points since 1989, notes the FT.

The Australian dollar is rising. The Reserve Bank of Australia (RBA) on Tuesday raised its key interest rate by 25 bps. – To 2.85% per annum. This was in line with most analysts’ forecasts, Trading Economics reported. The central bank raised the rate for the seventh time in a row. It is now at its highest level since April 2013. At the same time, the RBA leadership has not ruled out raising it further to curb inflation, which remains at a high level.

Earlier, we reported that the exchange rate of Japanese yen rose to a two-week high.