U.S. dollar declines after Fed minutes

Source: Xinhua| 2017-11-25 04:26:03|Editor: yan
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NEW YORK, Nov. 24 (Xinhua) -- The U.S. dollar declined against most major currencies on Friday as investors were still digesting the latest Federal Reserve minutes.

According to the minutes released Wednesday, the U.S. central bank saw a possible near-term increase in interest rates but policymakers also expressed concerns about persistently low inflation, hinting that the rate hike pace could be more moderate than expected in 2018.

Trading activity was expected to be low on Friday due to the U.S. Thanksgiving holiday.

The dollar index, which measures the greenback against six major peers, was down 0.47 percent at 92.782 in late trading.

In late New York trading, the euro rose to 1.1924 U.S. dollars from 1.1817 dollars, and the British pound rose to 1.3324 U.S. dollars from 1.3311 dollars. The Australian dollar increased to 0.7615 U.S. dollar from 0.7608 dollar.

The U.S. dollar bought 111.56 Japanese yen, higher than 111.26 yen of the previous session. The U.S. dollar lost to 0.9798 Swiss franc from 0.9820 Swiss franc, and it edged down to 1.2704 Canadian dollars from 1.2714 Canadian dollars.