Dollar dips after Fed minutes; China weighs on stocks

August 19, 2015 8:25 PM

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Dollar dips after Fed minutes; China weighs on stocks

NEW YORK Fears about China's economy and falling oil prices kept world equity indexes under pressure on Wednesday, while the dollar lost ground after minutes from the U.S. Federal Reserve's July meeting left uncertainty over the timing of an interest rate hike.

In a choppy day on Wall Street, major U.S. stock indexes briefly erased their losses and the dollar weakened further after minutes from the Fed's July meeting showed concern from policymakers about lagging inflation and the weak world economy.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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