Forex — Dollar Falls to 2-week lows after Fed meeting minutes





© Reuters. Dollar is under pressure,-data, Fed minutes weigh

Investing.com — The dollar dropped to two-week lows against other major currencies on Thursday, amid fresh uncertainty over a possible US interest rate increase before the end of the year and as investors eyed stream-of U.S. economic reports later in the day.

The minutes of the US Central Bank’s September monetary policy meeting released on Wednesday showed that some of the decision believe that additional tightening will depend on upcoming inflation data.

However, most Fed members said they still feel that a further interest rate increase this year was «probably justified.»

Market participants were looking to reports on the U.S. initial jobless claims and producer price inflation released due to later in the day, as well as the highly-anticipated consumer price inflation data set to be on Friday.

EUR/USD was up 0.14% at 1.1875 02:20 PM ET (06:20 GMT), the highest since the 25. September, held in Catalonia in the short officially independence from Spain declared.

Catalan leader Carles Puigdemont on Tuesday announced the region’s independence from Spain, but said the effect would be moved in order for the talks with the Spanish government, to avert an immediate crisis.

Elsewhere, GBP/USD up 0.27% to trade 1.3256, the highest since the 4. October.

Meanwhile, the yen was higher, with USD/JPY down 0.20% at 112.26 following reports that Japanese Prime Minister Shinzo Abe’s ruling party of the parliamentary majority was able to hold on 22. October early elections.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.14% 92.66, the lowest level since the 26. September.



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