Dollar down as U.S. data weighs; traders await Fed minutes

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after data showed U.S. business activity weakened further in November and as traders remained on edge ahead of the impending release of minutes from the Federal Reserve’s November meeting. “Fed minutes will be the focus for today,” said Brad Bechtel, global head of FX at Jefferies. “This is the meeting where Powell had a relatively hawkish press conference in which he indicated that if there had been an SEP (Summary of Economic Projections) at this meeting they would have definitely come out with a hi…

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