At the start of the week, traders expected a week dominated by meetings of central banks from around the world. However, the dollar was stable on Monday.

The Bank of Japan is apparently on the verge of ending negative rates and attention is being paid to the rate cuts planned by the Federal Reserve. Besides Japan and the United States, the central banks of England, Australia, Australia, Australia, Norway, Norway, Switzerland, Mexico, Brazil, and Indonesia are all expected to meet, with most of them having to maintain their interest rates.

The Japanese yen weakened by 0.13% to 149.22 per dollar, at its lowest level in over a week, but it is still up 0.5% in March against the greenback.

Dollar rises as US inflation data weigh on the outlook for rates

The dollar index, which measures the U.S. currency against six of its rivals, including the euro and the yen, was at 103.48, after reaching 103.50, its highest since March 6, before the Fed meeting this week.

The Australian dollar was little changed at $0.6560, near its lowest level in over a week. Aussie is up around 1% so far in March. The New Zealand dollar was a bit higher at $0.60855

The euro was down 0.04% to $1.0883, while sterling last traded at $1.2729, down 0.08% on the eve of the Bank of England meeting on Thursday, at which the central bank is expected to maintain interest rates.

The Chinese yuan fell slightly against the dollar on Monday as investors were cautious ahead of a busy week of overseas central bank monetary policy meetings that could cause some volatility in foreign exchange markets.

On the spot market, the onshore yuan opened at 7.1940 for one dollar and changed hands at 7.1973 at noon, 8 pips less than the close of the previous late trading session. The Chinese yuan remains stable while the PBOC leaves its key interest rate unchanged.