Euro weak ahead of ECB s policy review announcement
Yen firm vs dollar with 10-year Treasury yield at 1.3%
Aussie, Kiwi retreat in face of dollar strength
TOKYO, July 8 (Reuters) - The dollar traded near its highest in three months versus major peers on Thursday after minutes of the Federal Reserve s June policy meeting confirmed the world s biggest central bank is moving toward tapering its asset purchases as soon as this year.
The dollar index , which measures the greenback against six rivals, edged up to 92.759 after touching 92.844 overnight for the first time since April 5.
Fed officials said substantial further progress on economic recovery was generally seen as not having yet been met, although participants expected progress to continue and agreed they must be ready to act if inflation or other risks materialize, according to the minutes of the Federal Open Market Committee (FOMC) s June policy meeting released Wednesday.
Thursday, 08 Jul 2021 09:48 AM MYT
The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from yesterday, when it touched 92.844 for the first time since April 5. Reuters pic
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TOKYO, July 8 ― The dollar traded near its highest in three months versus major peers today after minutes of the Federal Reserve s June policy meeting confirmed the world s biggest central bank is moving toward tapering its asset purchases as soon as this year.
The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from yesterday, when it touched 92.844 for the first time since April 5.
Market Participants will keep their eyes on the 1.0750 horizontal resistance level.
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FOREX-Dollar firm near 3-month high after Fed minutes affirm taper timeline Reuters 19 hrs ago By Kevin Buckland No surprises as Fed says economic progress still needed Euro weak ahead of ECB s policy review announcement Yen firm vs dollar with 10-year Treasury yield at 1.3% Aussie, kiwi retreat in face of dollar strength Loonie, Norwegian crown slip as oil prices decline By Kevin Buckland TOKYO, July 8 (Reuters) - The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve s June policy meeting confirmed the world s biggest central bank is moving toward tapering its asset purchases as soon as this year. The dollar index, which measures the greenback against six rivals, was little changed at 92.687 from Wednesday, when it touched 92.844 for the first time since April 5. Fed officials said substantial further progress on economic recovery was generally seen as not having yet been met
Kevin Buckland
6 minute read
A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
Summary
Euro weak ahead of ECB s policy review announcement
Yen firm vs dollar with 10-year Treasury yield at 1.3%
Aussie, kiwi retreat in face of dollar strength
Loonie, Norwegian crown slip as oil prices decline
TOKYO, July 8 (Reuters) - The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve s June policy meeting confirmed the world s biggest central bank is moving toward tapering its asset purchases as soon as this year.