The dollar held steady on Friday, as traders positioned themselves ahead of a week packed with central bank policy meetings. Currency markets are expected to be volatile as the Federal Reserve, the European Central Bank, and the Bank of Japan all convene.

Analysts suggest that the dollar’s near-term direction will largely depend on the tone and guidance provided by these central banks. Any hints of dovishness could weigh on the currency, while hawkish signals might provide support.

Elsewhere, the euro traded slightly higher against the dollar, while the yen remained range-bound. Commodity currencies, such as the Australian and Canadian dollars, also saw limited movement.

Market participants are also keeping an eye on geopolitical developments, including trade tensions and Brexit negotiations, which could further influence currency valuations.

Overall, the dollar’s performance this week will be closely scrutinized as investors seek clarity on the future path of monetary policy and global economic growth.