Dollar Drifts Near Multi-month Lows – UrduPoint
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The US Dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs. Investors awaited minutes of the Federal Reserve’s latest policy meeting for clues on the path of interest rates.
The euro inched higher to $1.1577, remaining close to a two-month high touched earlier this week. Sterling was little changed at $1.3533, holding near a three-month high ahead of British inflation data due later.
The Japanese Yen was little changed at 159.56 per dollar, having given back much of its intervention gains, but it is still well off a multi-decade low of about 164.
Dollar index, which measures the US Currency against six major peers, dipped marginally to 99.65.
Elsewhere, the New Zealand dollar and the Australian dollar held steady, trading at $0.5874 and $0.7083, respectively.
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