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Dollar Drifts Near Two-Week Low Ahead Of Inflation Data

Published by: dailynews
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The dollar was little changed but hovering near a two-week low on Thursday following minutes from the last Federal Reserve meeting that showed policymakers taking a cautious stance, as investors awaited key U.S. inflation data.

The dollar index , which measures the U.S. currency against six rivals, was at 105.64, not far from 105.55, its lowest since Sept. 25 that was touched on Wednesday.

Fed officials pointed to uncertainties around the economy, oil prices and financial markets as supporting “the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate,” according to the minutes released on Wednesday from the Sept. 19-20 meeting.

Read the full story on Reuters here.