The dollar steadied against major peers in Asian Market opening trades today, continuing its near paralysis of the past two days before more concrete announcements on tariffs from U.S. President Donald Trump. A spate of central bank policy decisions are also due over the next week, with the Bank of Japan widely expected to raise interest rates at the end of a two-day meeting on Friday. Rate decisions from the U.S. Federal Reserve and European Central Bank are scheduled for Wednesday and Thursday of next week, respectively. So far this week, Trump has mooted levies of around 25% on Canada and Mexico and 10% on China from Feb. 1. He also promised duties on European imports, without giving details. President Trump has so far taken a less hostile-than-expected approach to China,\" amid overall \"softer-than-expected policies and tone on tariffs. The dollar index was flat at 108.25, following two days of gains of around 0.1%. In some of the major currencies today, Japan\'s yen edged up about 0.1% to 156.40 with markets pricing 95% odds of a quarter-point hike tomorrow. The euro was flat at $1.0400, and the ECB is widely expected to cut rates by a quarter point next week. The pound was 0.11% lower against the USD at $1.2303 while the Chinese yuan was little changed at 7.2812 per dollar in offshore trading. The Indian rupee opened weaker with a huge gap of 15 paise at 86.47/48 against its previous session’s close of 86.32/32 and is expected to trade between 86.45– 86.55 band today.
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