U.S. dollar rise slightly amid Fed minutes – The Foreigners magazine In tokyo
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U.S. dollar rise slightly amid Fed minutes

Written by on July 8, 2021

NEW YORK, July 7 (Xinhua) — The U.S. dollar inched higher in late trading on Wednesday as market participants pored through minutes from the Federal Reserve’s recent meeting.

The dollar index, which measures the greenback against six major peers, increased 0.1 percent at 92.6390.

In late New York trading, the euro fell to 1.1806 U.S. dollars from 1.1823 dollars in the previous session, and the British pound rose to 1.3801 dollars from 1.3800 U.S. dollars in the previous session. The Australian dollar was down to 0.7487 U.S. dollar from 0.7496 dollar.

The U.S. dollar bought 110.61 Japanese yen, unchanged from the previous session. The U.S. dollar rose to 0.9250 Swiss franc from 0.9247 Swiss franc, and it increased to 1.2477 Canadian dollars from 1.2461 Canadian dollars.

The Fed minutes released Wednesday afternoon showed participants discussed both fed funds rate hikes and quantitative easing at their June meeting. The minutes also revealed that Fed officials were divided over when to start tapering the central bank’s asset purchases due to uncertainty regarding the economic outlook.

Fed officials agreed to continue assessing the economy’s progress toward the central bank’s goals and to begin to discuss their plans for adjusting the path and composition of asset purchases at coming meetings, according to the minutes.

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