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U.S. dollar mixed on Fed officials' speeches

NEW YORK
2017-03-30 04:42

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The U.S. dollar ended mixed against other major currencies on Wednesday as investors were digesting the latest speeches of Federal Reserve officials.

Federal Reserve Bank of Boston President Eric Rosengren said on Wednesday that the central bank should be prepared to raise interest rates altogether four times this year to guard against overheating the economy.

San Francisco Fed President John Williams also said on Wednesday that his central bank colleagues should not "rule out more than three increases total for this year."

The overall hawkish comments by Fed officials boosted market expectation for as many as four rate hikes in 2017, which supported the greenback on Wednesday.

The dollar index, which measures the greenback against six major peers, was up 0.36 percent at 100.070 in late trading.

In late New York trading, the euro fell to 1.0753 dollars from 1.0800 dollars in the previous session, and the British pound dropped to 1.2421 dollars from 1.2444 U.S. dollars in the previous session.

The Australian dollar increased to 0.7671 U.S. dollar from 0.7634 U.S. dollar. The U.S. dollar bought 111.10 Japanese yen, lower than 111.15 yen of the previous session. The U.S. dollar rose to 0.9972 Swiss franc from 0.9931 Swiss francs, and it edged down to 1.3334 Canadian dollars from 1.3382 Canadian dollars.

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