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Dollar turns lower after Fed minutes
The U.S. dollar erased its previous gains after the Federal Reserve released the minutes from its January meeting. According to the summary, members of the Federal Open Market Committee were not too concerned about the U.S. economy possibly overheating. In line with previous comments from Fed officials, policy makers expect inflation to pick up this year. Still, the language in the minutes stuck with a "gradual" increase in interest rates rather than taking a more hawkish approach, which could have disappointed investors looking for a more hawkish tone. The Fed is expected to hike interest rates three times in 2018, ... (full story)