Dollar turns higher after Fed minutes

2021-04-07 19:34:38 GMT (Economies.com)
Dollar turns higher after Fed minutes

The US dollar rose against most of its peers on Wednesday after holding earlier following the release of the Federal Reserve meeting minutes.

 

The Federal Reserve meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged from previous meetings for some time.

 

The minutes indicated that despite some signs of improvement in the US economy, and Fed officials believe that the economy needs further progress and growth before any decisions are taken to change monetary policy.

 

The Federal Reserve decided during that meeting to hold interest rates between zero and 0.25% unchanged, and raised its forecast for US GDP growth by 6.5% in 2021 from 4.2% in December.

 

The dollar index rose against a basket of currencies by 0.1% to 92.4 points as of 19:04 GMT, after it hit a high of 92.4 points and a low of 92.2 points.

 
 
 
  Symbol Last Change Chg.%
1.2057
0.0031
0.2565%
1.3870
-0.0083
0.5916%
Tadawul
10127.90
18.31
0.18%
26.070
0.278
1.078%
61.470
-1.708
2.704%
65.61
0.21
0.32%
1784.930
13.480
0.761%
 
 
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