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Dollar continues falling following release of Fed minutes

English.news.cn   2014-07-10 07:57:49

NEW YORK, July 9 (Xinhua) -- The U.S. dollar weakened for a third straight day against most major currencies Wednesday as investors saw no indications of interest rate rise from Federal Reserve's minutes of its latest policy meeting.

The closely watched Fed's minutes said the central bank's final reduction would occur after the October meeting if the economy progresses as it expects, warranting reductions in the pace of purchases at each upcoming meeting.

However, the minutes revealed no clue about when the Fed would begin hiking interest rates for the first time and analysts believe the dollar's rising momentum is limited without strong signal of lifting interest rates in 2015 from the Fed.

The greenback has almost pared the gains from last week after a report showed that U.S. economy added much more jobs than forecast in June, but the last Fed meeting took place before June's job data was released.

In late New York trading, the euro rose to 1.3645 dollars from 1.3612 dollars of the previous session, and the British pound increased to 1.7156 dollars from 1.7130 dollars. The Australian dollar rose to 0.9419 dollars from 0.9399 dollars.

The green back bought 101.57 Japanese yen, higher than 101.54 yen of the previous session. The dollar went down to 0.8908 Swiss franc from 0.8929, and moved down to 1.0648 Canadian dollars from 1.0676.

Editor: Mengjie
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