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Dollar steady after Fed minutes

Published 07/06/2017, 03:28 AM
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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.

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