Forex – Dollar index little changed, Fed meeting minutes ahead
The dollar was little change against other major currencies on Wednesday, as investors awaited the minutes of the Federal Reserve’s latest policy meeting due later in the day.
EUR/USD held steady at 1.1186, off Tuesday’s six-month high of 1.1268.
The greenback regained some ground as investors turned their attention to the upcoming minutes of the Fed’s most recent policy meeting, with hopes of further indications on the pace of future rate hikes.
The U.S. dollar had broadly weakened recently following a string of revelations surrounding the FBI’s investigation into alleged Russian interference in November’s U.S. presidential election and reports that Donald Trump attempted to interfere with the judicial process.
Elsewhere, GBP/USD rose 0.27% to 1.2994.
Investors were also still digesting the Manchester terrorist attack that killed 22 people on Monday evening.
The Australian dollar was weaker, with AUD/USD down 0.12% at 0.7471, while NZD/USDadded 0.09% to 0.7019.
Earlier Wednesday, the Australian Bureau of Statistics said construction work done fell 0.7% in the first quarter, disappointing expectations for a 0.2% slip.