Dollar gains as healthy US jobs data fuels talk of Fed taper thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The dollar clung to minor gains on Wednesday, edging up from near a five-month trough versus major peers, as a pick up in U.S. manufacturing kept bets alive for a quicker normalisation of Federal Reserve policy. The dollar index, which measures the greenback against six rivals, hovered just below 90 after dipping to as low .
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LONDON (Reuters) - The dollar clung to minor gains on Wednesday, edging up from near a five-month trough versus major peers, as a pickup in U.S. manufacturing kept bets alive for a quicker normalisation of Federal Reserve policy.
FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo
The dollar index, which measures the greenback against six rivals, hovered just below 90 after dipping to as low as 89.662 on Tuesday and approaching the lowest since Jan. 7 at 89.533.
The euro traded at $1.22 after pulling back from near a multi-month top overnight, when it climbed to $1.22545.
ChinaDollar bounces as Fed minutes revive tapering jitters
Hideyuki Sano
4 minute read
The dollar bounced off three-month lows against European currencies on Thursday after minutes from the Federal Reserve s last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected.
In the Fed minutes, several policymakers said that a discussion about reducing the pace of asset purchases would be appropriate at some point if the U.S. economic recovery continues to gain momentum. read more
That surprised investors, given Fed Chair Jerome Powell had said right after that meeting last month that it is not time yet to begin discussing any change in policy. read more
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