The U.S. dollar traded mixed against other major currencies Wednesday as the International Monetary Fund (IMF) lowered the growth outlook of world economy this year, raising concerns that the Federal Reserve may delay interest-rate hike till the next year.
The IMF on Tuesday predicted in its "World Economic Outlook" report that the global economy will only see a growth of 3.1 percent in 2015, 0.2 percent lower compared to the institution's projection last time in July.
The downbeat report added to the recent soft U.S. economic data, dampening market expectation for an interest rate-hike by year-end. Analysts said a great number of investors are estimating that the rate-hike will not happen until early 2016. The dollar index, which measures the greenback against six major currencies, was up 0.06 percent at 95.515 in late trading. In late New York trading, the euro fell to 1.1252 dollars from 1.1273 dollars in the previous session, and the British pound climbed to 1.5317 dollars from 1.5232 U.S. dollars in the previous session.
The Australian dollar increased to 0.7205 U.S. dollar from 0.7153 dollar. The U.S. dollar bought 119.92 Japanese yen, lower than 120.27 yen of the previous session. The U.S. dollar rose to 0.9728 Swiss franc from 0.9670 Swiss franc and inched up to 1.3065 Canadian dollars from 1.3035 Canadian dollars.
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