Markets > Currencies

U.S. dollar rises amid Fed minutes

NEW YORK
2022-04-07 05:34

Already collect



NEW YORK, April 6 (Xinhua) -- The U.S. dollar climbed in late trading on Wednesday as market participants digested the Federal Reserve's latest meeting minutes.

The dollar index, which measures the greenback against six major peers, increased 0.13 percent at 99.5990.

In late New York trading, the euro decreased to 1.0905 U.S. dollars from 1.0909 dollars in the previous session, and the British pound fell to 1.3066 dollars from 1.3081 U.S. dollars in the previous session. The Australian dollar decreased to 0.7511 U.S. dollar from 0.7595 dollar.

The U.S. dollar bought 123.81 Japanese yen, higher than 123.60 Japanese yen of the previous session. The U.S. dollar increased to 0.9328 Swiss franc from 0.9292 Swiss franc, and it increased to 1.2519 Canadian dollars from 1.2472 Canadian dollars.

The U.S. central bank on Wednesday released the minutes of its March meeting, which showed Fed officials generally agreed to reduce balance sheet by 95 billion U.S. dollars per month.

The filing also revealed that many participants noted that one or more 50 basis point increases in the target range could be appropriate at future meetings, particularly if inflation pressures remained elevated or intensified.
Add comments

Latest comments

Latest News
News Most Viewed