NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Dollar steady after Fed minutes

Published 07/06/2017, 03:28 AM
EUR/USD
-
GBP/USD
-
EUR/JPY
-
DX
-

Investing.com - The dollar was steady Thursday as the Fed minutes left investors short of the clarity they were seeking on U.S. monetary policy.
The dollar index held above the 96 mark, trading up 0.07% at 96.04 at 03:00 ET.
FOMC members endorsed the idea of a gradual tightening of policy.
But there was a lack of consensus on when to start the tapering of the Fed's balance sheet.
There was also doubts about the outlook for inflation despite tightness in the labor market.
The dollar dipped against the yen as investors await developments after North Korea's testing of an intercontinental ballistic missile.
The euro edged lower against the dollar, while the pound was steady at the $1.29 mark.
ISM non-manufacturing, ADP nonfarm payroll and jobless claims data are on tap.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.