London - For a world economy coming to terms with a soaring dollar and a plunge in oil prices, this week will be all about the US Federal Reserve's policy meeting and its intentions on interest rates.
A combination of the European Central Bank printing lots of euros and expectations of a first US rate rise has caused turmoil on the foreign exchanges and in emerging markets.
The euro, which peaked at nearly $1.40 in the middle of last year, is now languishing around $1.05 and apparently headed for parity.