Dollar holds losses as markets await Fed minutes, speakers
Focus turns to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.
The US dollar experienced a decline on Wednesday as markets waited for the Federal Reserve's minutes and speeches from policymakers. The euro saw the most significant gain in seven weeks due to European bond market stress easing and a French presidential candidate outlining plans to cut spending. The yen weakened despite a dovish Bank of Japan board member supporting interest rate increases.
The US central bank will release minutes from its September meeting, where it raised interest rates to combat inflation. Fed officials have become less hawkish following weaker-than-expected personal consumption expenditures (PCE) and jobs data. The Australian dollar, kiwi, bitcoin, and ether also saw a slight decrease against the greenback.
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