14.5 C
Tokyo
Friday, March 29, 2024
HomeLatestU.S. dollar slips amid Fed minutes

U.S. dollar slips amid Fed minutes

NEW YORK, Feb. 16 (Xinhua) — The U.S. dollar moved decrease in late buying and selling on Wednesday as market contributors digested the newest assembly minutes from the Federal Reserve.

The dollar index, which measures the buck in opposition to six main friends, dipped 0.3 p.c at 95.6990.

In late New York buying and selling, the euro was as much as 1.1393 U.S. {dollars} from 1.1302 {dollars} within the earlier session, and the British pound was as much as 1.3598 {dollars} from 1.3529 U.S. {dollars} within the earlier session. The Australian dollar rose to 0.7204 U.S. dollar from 0.7153 dollar.

The U.S. dollar purchased 115.40 Japanese yen, decrease than 115.56 Japanese yen of the earlier session. The U.S. dollar fell to 0.9208 Swiss franc from 0.9254 Swiss franc, and it was all the way down to 1.2674 Canadian {dollars} from 1.2725 Canadian {dollars}.

The Federal Open Market Committee, the Fed’s policy-making committee, on Wednesday launched minutes of its January assembly.

“With inflation well above 2 percent and a strong labor market, members expected that it would soon be appropriate to raise the target range for the federal funds rate,” stated the minutes.

“Members agreed to continue to reduce the monthly pace of the Committee’s net asset purchases, bringing them to an end in early March,” confirmed the submitting.

Source

Latest