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US Dollar hovers near one-month low as Fed minutes lack surprise
The safe-haven dollar hovered near a one-month low on Thursday amid improving risk appetite after minutes of the Federal Reserve’s May meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July. The dollar index, which measures the currency against six major peers, was little changed at 102.03, consolidating around that level after a short-lived bounce immediately after the minutes on Wednesday. But the move fizzled as the Asian trading day got underway, with analysts saying there were few surprises in the minutes. Wall Street rallied overnight, while long-term ... (full story)