Dollar sways near 10-day lows as attention turns to BOJ and RBA

The U.S. dollar hovered near 10-day lows as investors awaited key central bank decisions from the Bank of Japan, Reserve Bank of Australia, Bank of England, and the U.S. Federal Reserve this week. A preliminary U.S.-Iran agreement to end hostilities, extending a ceasefire by 60 days and reopening the Strait of Hormuz, sent oil prices lower and boosted risk appetite globally. The BOJ is widely expected to raise rates to a 31-year high, with the yen under pressure near 160 per dollar, while the RBA is seen holding rates steady after three consecutive hikes.