Monetary policy easing boosted dollar against euro, which fell to a one-week low on Wednesday. The common currency dipped towards the lower end of this year’s trading range.

27-month low for the pound against the dollar a new six-month lows versus the euro extended losses for the British currency.

Foreign exchange markets were quiet on Monday and volatility low ahead of major central bank policy meetings next week.

Record 10th week of consecutive losses for pound was this week although the British currency edged higher on Friday.

Comments from Fed Chief Jerome Powell boosted expectations for an interest rate cut from the U.S. central bank this month. Powell pointed to “broad” global weakness.