New York (ANTARA) – The U.S. Dollar weakened against a basket of other major currencies in late trading Thursday (Fri 11/25/2022 am WIB) after minutes from the Federal Reserve’s latest meeting were released. stimulated the feeling of risk and limited the attractiveness greenbacks against a backdrop of slowing trade due to the Thanksgiving holiday in the United States.
The dollar index, which measures green bink against a basket of six other major currencies, fell 0.24% to 105.8180.
At the close of trading in New York, the euro rose to US$1.0417 from US$1.0403 the previous session, and the pound rose to US$1.2118 from US$1.2065 at the previous session.
The US dollar bought 138.46 Japanese yen, lower than 139.45 Japanese yen in the previous session. The US dollar rose from 0.9419 Swiss francs to 0.9427 Swiss francs and fell to 1.3335 Canadian dollars from 1.3360 Canadian dollars. The US dollar fell to 10.3956 Swedish kronor from 10.4586 Swedish kroner.
Minutes from the Fed’s November meeting released on Wednesday (11/23) showed that most policymakers favored a slower pace of tightening soon.
While noting that inflation has yet to show significant signs of slowing down, the minutes indicate that most participants felt that a slowdown in the rate of increase would likely occur soon.
The remarks reinforced expectations that the central bank will raise interest rates by 50 basis points at its next meeting in mid-December rather than the 75 basis point hikes delivered at each of its last four meetings. .
At the close of trading in New York, the euro rose to US$1.0417 from US$1.0403 the previous session, and the pound rose to US$1.2118 from US$1.2065 at the previous session.
The US dollar bought 138.46 Japanese yen, lower than 139.45 Japanese yen in the previous session. The US dollar rose from 0.9419 Swiss francs to 0.9427 Swiss francs and fell to 1.3335 Canadian dollars from 1.3360 Canadian dollars. The US dollar fell to 10.3956 Swedish kronor from 10.4586 Swedish kroner.
Minutes from the Fed’s November meeting released on Wednesday (11/23) showed that most policymakers favored a slower pace of tightening soon.
While noting that inflation has yet to show significant signs of slowing down, the minutes indicate that most participants felt that a slowdown in the rate of increase would likely occur soon.
The remarks reinforced expectations that the central bank will raise interest rates by 50 basis points at its next meeting in mid-December rather than the 75 basis point hikes delivered at each of its last four meetings. .
Read also : The rupiah strengthened after the publication of the minutes of the Fed meeting
Read also : Gold fell under pressure from the strengthening US dollar
This news was published on Antaranews.com with the title: The US dollar fell as risk appetite increased
“Amateur problem solver. Hipster-friendly alcohol lover. Beer buff. Infuriatingly humble tv geek.”
