Dollar hovers in narrow range ahead of central bank meetings



* Dollar index unchanged at 93.8330

* Bank of Canada meets on Wednesday

* Bank of Japan, European Central Bank meet on Thursday (Revises throughout, updates prices, market activity, comments; new byline, changes dateline, previous LONDON)

By David Henry and Elizabeth Howcroft

NEW YORK/LONDON, Oct 26 (Reuters) - The U.S. dollar traded in a narrow range on Tuesday as markets awaited news from central bankers in coming days that might spark volatility.

The U.S. dollar index =USD was unchanged at 93.8330 at 1356 GMT. It was hovering midway between a one-year high of 94.563 hit earlier in the month and a one-month low of 93.483 made on Monday.

Analysts said it might stay there through a slew of central bank meetings and economic data that could shift views on interest rates, inflation and growth rates.

Yields on 10-year U.S. and German government securities also stayed in narrow ranges, with the U.S. note yielding 1.6361% in the morning in New York.

"The markets are just pausing right now," said Joseph Trevisani, senior analyst at FXStreet.com.

The Bank of Canada meets on Wednesday and the European Central Bank and Bank of Japan meet on Thursday. Next week brings meetings of the U.S. Federal Reserve, Bank of England, Reserve Bank of Australia and Norges Bank.

The euro was unchanged at $1.1610 EUR=EBS . The euro has been weakened recently by expectations that the European Central Bank will take a dovish stance when it meets.

Bigger movements came from the British pound, the Australian dollar and the Japanese yen.

Sterling GBP=D3 rose to more than $1.38 after British retailers reported stronger than expected sales in October affirming the prospect of higher rates. The pound then slipped back and was at $1.3794, still up 0.2% for the day.

The Aussie, which tends to move with commodity prices, gained 0.3% to $0.7514 AUD=D3 . Last week, it traded above $0.75 for the first time since July.

The U.S. dollar rose 0.4% against the Japanese yen, with the pair at 114.1600, below the four-year high of 114.695 reached last week JPY=EBS .

The Bank of Japan is expected to maintain its massive stimulus programme and slash this year's inflation forecast when it meets on Thursday, showing that it has no intention to follow other central banks in backing away from pandemic policies.

The Canadian dollar CAD=D3 gained slightly on the greenback on Tuesday as oil prices rose, but it was held back by the approaching Bank of Canada meeting.

The Bank of Canada is expected to raise its inflation forecast and to largely end stimulus from its pandemic-era bond-buying program.

So far in 2021, energy-exporting currencies whose central banks are preparing to tighten - such as the Canadian dollar or Norwegian crown - have outperformed, ING strategists noted.

The European Central Bank will likely underscore its dovish guidance, while U.S. GDP data on Thursday will show the economy's rebound stalling, analysts said.

"The ECB's continued reluctance to raise rates should continue to weigh on the euro as other G10 central banks embark on hiking cycles," wrote MUFG currency analyst Lee Hardman in a note to clients.

Bitcoin was down 1% at $62,295 at 1356 GMT.

========================================================

Currency bid prices at 9:56 AM (1356 GMT) Description

RIC

Last

U.S. Close Pct Change

YTD Pct

High Bid

Low Bid

Previous

Change

Session

Dollar index

=USD

93.8330

93.8420

+0.00%

4.281%

+93.9650

+93.7030 Euro/Dollar

EUR=EBS

$1.1610

$1.1611

-0.01%

-4.98%

+$1.1626

+$1.1595 Dollar/Yen

JPY=EBS

114.1600

113.7200

+0.39%

+10.49%

+114.2000 +113.6800 Euro/Yen

EURJPY=

132.52

132.01

+0.39%

+4.41%

+132.6600 +131.9800 Dollar/Swiss

CHF=EBS

0.9199

0.9200

+0.00%

+3.99%

+0.9226

+0.9188 Sterling/Dollar GBP=D3

$1.3794

$1.3768

+0.21%

+0.98%

+$1.3829

+$1.3758 Dollar/Canadian CAD=D3

1.2359

1.2382

-0.19%

-2.94%

+1.2393

+1.2350 Aussie/Dollar

AUD=D3

$0.7514

$0.7491

+0.31%

-2.32%

+$0.7525

+$0.7485 Euro/Swiss

EURCHF=

1.0678

1.0677

+0.01%

-1.19%

+1.0703

+1.0675 Euro/Sterling

EURGBP=

0.8415

0.8431

-0.19%

-5.84%

+0.8437

+0.8403 NZ

NZD=D3

$0.7174

$0.7167

+0.13%

-0.07%

+$0.7193

+$0.7155 Dollar/Dollar

Dollar/Norway

NOK=D3

8.3380

8.3610

-0.44%

-3.06%

+8.3755

+8.3215 Euro/Norway

EURNOK=

9.6797

9.6985

-0.19%

-7.52%

+9.7145

+9.6689 Dollar/Sweden

SEK=

8.5948

8.6049

-0.11%

+4.86%

+8.6286

+8.5901 Euro/Sweden

EURSEK=

9.9777

9.9890

-0.11%

-0.98%

+10.0084

+9.9752



World FX rates Link



Reporting by David Henry in New York and Elizabeth Howcroft in
London. Additional reporting by Tom Westbrook in Singapore.
Editing by John Stonestreet and Angus MacSwan.

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