Dollar edges up as jolt from Fed minutes wanes

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Reuters UK

By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar edged up on Thursday after a flurry of economic data, including weekly labor market numbers, in a more muted move a day after a spike higher following the release of minutes from the Federal Reserve’s December meeting. The dollar sharply pared losses of as much as 0.44% late Wednesday after the minutes showed Fed policymakers were concerned about rising inflation, which along with a tight labor market, could result in the Fed’s raising rates sooner than anticipated along with a reduction in its asset holdings. Traders are currently anti…

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