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Dollar flat as Fed minutes point to hike 'fairly soon'

Published 02/23/2017, 02:58 AM
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Investing.com - The dollar edged higher Thursday as the Fed minutes seemed to lean on the dovish side.
The dollar index was up 0.08% at 101.39 at 02:30 ET. The euro was pressured at the $1.05 level.
Many Fed members argued the need for a hike "fairly soon" if the U.S. economy continues apace.
The time frame implied by "fairly soo" is open to interpretation.
The odds priced in by the market of a March hike eased after the FOMC statement.
The FOMC noted inflation remains below the 2% target and will rise to that level over the medium term.
Current economic conditions "warrant only gradual increases" in rates, the FOMC said.
The dollar eased 0.11% to 113.19 yen after remarks Wednesday by BoJ chief Haruhiko Kuroda.
Kuroda said further Japanese monetary easing is unlikely as the economy recovers.

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