Tuesday, 16 July 2019
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Dollar slips on Fed pause bets, trade optimism
Thursday, 10 January 2019 16:30 WIB | CURRENCIES | Indeks Dolar Euro

The dollar on Thursday languished near a 3-month low on signs the Federal Reserve may soon pause its interest rate tightening cycle.

Minutes from the Fed's Dec. 18-19 meeting showed that several policymakers were in favour of the U.S. central bank keeping rates steady this year.

That has weakened the dollar at a time when investors are selling safe-haven currencies due to mounting optimism about U.S.-China trade talks.

The dollar index was steady at 95.22, after losing 0.7 percent on Wednesday. It has weakened in four out of the last five sessions as traders wager that US interest rates will stay steady in 2019.

The euro gained marginally on the dollar, fetching $1.1547.

Reuters

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