15.5 C
Thursday, March 23, 2023
HomeLatestU.S. dollar rises amid Fed minutes

U.S. dollar rises amid Fed minutes


NEW YORK, Oct. 12 (Xinhua) — The U.S. dollar strengthened in late trading on Wednesday as market participants digested the Federal Reserve’s latest meeting minutes.

The dollar index, which measures the greenback against six major peers, was up 0.09 percent to 113.3200.

In late New York trading, the euro was down to 0.9699 U.S. dollars from 0.9712 dollars in the previous session, and the British pound rose to 1.1092 U.S. dollars from 1.1025 dollars in the previous session. The Australian dollar increased to 0.6275 U.S. dollars from 0.6267 U.S. dollars.

The U.S. dollar bought 146.88 Japanese yen, higher than 145.85 Japanese yen of the previous session. The U.S. dollar was up to 0.9982 Swiss francs from 0.9976 Swiss francs, and it increased to 1.3824 Canadian dollars from 1.3812 Canadian dollars.

The above market reactions came after minutes of the Fed’s September meeting released Wednesday showed that policymakers expressed concerns over the persistence of high inflation, and many were more worried about doing too little to control inflation than too much.

Traders are cautiously awaiting the September U.S. consumer price index report due on Thursday, for latest indication on the inflation picture.