Dollar edges back towards one-month low

Published by
Reuters UK

By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six major peers, was down 0.2% at 101.83 as the minutes showed the Fed is likely to stay the course for now, but keep its options open for a range of policy choices after July. The index has mostly been consolidating around 102 after a short-lived bounce immediately foll…

Read More