Dollar at Seven-Week Low as Fed Minutes Show Little Support for Rate Rise

August 18, 2016 7:08 AM

12 0

Dollar at Seven-Week Low as Fed Minutes Show Little Support for Rate Rise

The dollar fell to a seven-week low against a basket of major currencies on Thursday, after minutes from the Federal Reserve's July meeting showed a bias among policymakers against raising interest rates soon.

The minutes, released on Wednesday, showed members of the rate-setting Federal Open Market Committee were generally upbeat about the U.S. economic outlook.

Also read: Solid Job Growth Strengthens Prospect for a Fed Rate Increase

Read more

To category page

Loading...