The dollar fell to a four-year low against the euro as investors anticipate a Federal Reserve interest rate cut this week. Markets expect a 25-basis-point rate cut on Wednesday due to softening labor market data. Fed Chair Jerome Powell will hold a press conference post-policy statement release. The dollar remains weak amid concerns over U.S. economic growth, despite strong retail sales data.

Sterling rose to a two-month high at $1.366 as the UK’s job market weakened, potentially easing inflation worries at the Bank of England. The euro got a boost from euro zone industrial production data showing slight growth in July. German investor morale also rose in September, signaling cautious optimism. The dollar slipped against the yen ahead of the Bank of Japan policy meeting.

Japan’s farm minister and chief government spokesperson are vying to succeed outgoing Prime Minister Shigeru Ishiba. Bitcoin rose 1% to $116,511, breaking a three-session losing streak. The BoE is expected to keep interest rates steady after cutting in August.

Read more at Yahoo Finance: Dollar falls to four-year low vs euro with Fed rate decision on tap