The dollar tucked lower against other major currencies on Wednesday, as investors switched towards the minutes from the Federal Reserve’s latest meeting, due at nighttime, although sustained wants a 2016 U.S. rate hike stored the greenback near seven-month highs.
EUR/USD edged lower .10% to at least one.1043, the cheapest since This summer 27.
Market participants were awaiting the minutes from the Fed’s September policy meeting for hints around the central bank’s future policy moves.
Interest in the U.S. dollar still continued to be supported, because the odds for any December rate hike passed the 70% threshold on Tuesday.
GBP/USD leaped 1.25% to promote at 1.2275, bouncing from the multi-decade lows arrived at in recent sessions among growing ‘hard Brexit’ concerns for Britain.
The pound was boosted by reports British Pm Theresa May has recognized that Parliament ought to be permitted to election on her behalf Brexit plan.
USD/JPY edged up .12% to 103.63 after Bank of Japan Governor Haruhiko Kuroda reiterated to Japan’s parliament on Wednesday he remains prepared to cut rates of interest or expand asset buying as needed.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was lower .11% at 97.60, near Tuesday’s seven-month peak of 97.75.