By Boby Michael - October 5, 2014 10:40 BST
Many currencies are down because of the dollar rally.Reuters
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Rate decisions by the Bank of Japan, Bank of England and the Reserve Bank of Australia and the release of minutes of the last FOMC meeting are the major G10 central bank events in the upcoming week, while rate setting meetings in Indonesia and Poland will also be keenly watched.
None of the developed market economies in the list are likely to alter the key rates this time and so are the emerging market ones.
The FOMC minutes and the policy statements by the G10 apex banks will be the most watched in the forex market for interest rate cues and exchange rate outlook.
The dollar rally in recent months will most likely be a common topic of discussion for almost all the central banks scheduled to announce their credit policies this week.
The big jump in the dollar will affect emerging markets as the cost of local assets will increase for a foreigner who makes payment in dollars, triggering imported inflation in most such countries.