Investing.com – The U.S. dollar was down against most of the other major currencies on Tuesday, as markets awaited the release of minutes from the Federal Reserves last policy setting meeting.
During late European trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3843.
The greenback was also up against the pound, with GBP/USD down 0.55% to hit 1.5796. Earlier Tuesday, Bank of England policy maker David Miles said that additional quantitative easing remains a "powerful tool" at the Bank's disposal.
But the dollar was down against the yen and the Swiss franc with USD/JPY down 0.36% to hit 81.77 and USD/CHF shedding 0.52% to hit 0.9597.
Earlier in the day, Japanese Finance Minister Yoshihiko Noda said his government “will watch currencies with great interest and will take bold action, which includes intervention, if needed.”
The greenback was also down against its Canadian, Australian and New Zealand counterparts, with USD/CAD dropping 0.29% to hit 1.0110, AUD/USD gaining 0.10% to hit 0.9747 and NZD/USD rising 0.23% to hit 0.7434.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.10%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.
During late European trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3843.
The greenback was also up against the pound, with GBP/USD down 0.55% to hit 1.5796. Earlier Tuesday, Bank of England policy maker David Miles said that additional quantitative easing remains a "powerful tool" at the Bank's disposal.
But the dollar was down against the yen and the Swiss franc with USD/JPY down 0.36% to hit 81.77 and USD/CHF shedding 0.52% to hit 0.9597.
Earlier in the day, Japanese Finance Minister Yoshihiko Noda said his government “will watch currencies with great interest and will take bold action, which includes intervention, if needed.”
The greenback was also down against its Canadian, Australian and New Zealand counterparts, with USD/CAD dropping 0.29% to hit 1.0110, AUD/USD gaining 0.10% to hit 0.9747 and NZD/USD rising 0.23% to hit 0.7434.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.10%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.