Dollar holds losses as markets await Fed minutes, speakers
TOKYO: The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike. The euro surged by the most in seven weeks in the prior session as French bond yields slid after the frontrunner in next spring’s presidential election outlined plans to…
The US dollar experienced losses on Wednesday as markets awaited the release of Federal Reserve minutes and speeches from policymakers, which could provide clues on potential rate hikes. With European bond markets seeing less stress, the euro gained strength, while the yen weakened despite a dovish Bank of Japan board member expressing support for interest rate increases. The dollar index rose 0.03% to 101.94, following a 0.27% decline in the previous session.
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