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Dollar Steady Before Fed Minutes; Yen Hovers Below Intervention Zone

Published by: dailynews
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The dollar drifted near the middle of its range of the past three weeks against major peers on Wednesday, as traders looked ahead to the release of minutes from the Federal Reserve’s latest meeting for clues about the path for monetary policy.

The dollar index – which measures the currency against a basket of six major peers, including the euro and yen – was little changed at 103.02, after tracking between 103.75 and 102.75 since early June.

Europe’s shared currency edged 0.1% higher to $1.0886, recouping some of its 0.34% overnight decline.

Read the full story on Reuters here.