Expectations grew that the Fed may hint at more policy action and new economic projections for the assessment of its economic outlook.
The dollar dipped and commodity-linked currencies gained as Chinese data pointed to economic recovery after coronavirus-led shutdowns.
Later this week investors will focus on last Fed meeting before the Nov. 3 U.S. presidential elections, waiting for clues from the new economic projections.
The euro rose slightly as ECB calmed worries about the euro’s recent appreciation, giving traders motivation to take the single eurozone currency higher.
Thursday’s emergency Brexit talks between UK and EU representatives will discuss Britain’s attempts to undermine its divorce settlement with the bloc.