• Dollar near three-month high after Fed minutes reaffirm taper timeline

    8 Jul 2021 | Economic News
  

Dollar near three-month high after Fed minutes reaffirm taper timeline

 

The dollar traded near its highest in three months versus major peers on Thursday after minutes of the Federal Reserve's June policy meeting confirmed the world's biggest central bank is moving toward tapering its asset purchases as soon as this year.

 

The dollar index , which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5.

 

The dollar traded at $1.1792 per euro , just off a three-month peak of $1.17815 touched overnight, when German data raised doubts about the strength of Europe's economic recovery.

 

Elsewhere, the dollar traded slightly lower at 110.555 yen , as the pair continued to be weighed down by a slide in U.S. Treasury yields.

 

Reference: Reuters

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