Greenback drops with eyes on Fed gathering minutes
On Wednesday, the evergreen buck descended against other key currencies, as traders turned to the minutes of the Fed’s latest gathering, due later in the day, though sustained expectations for a 2016 American rate lift kept the major American currency close to seven-month peaks.
The currency pair EUR/USD fell 0.10%, reaching 1.1043, the lowest value since July 27.
USD/JPY rose 0.12%, hitting 103.63 after on Wednesday, BOJ Governor Haruhiko Kuroda repeate4d to Japan's parliament that he’s still willing to drop interest rates or expand asset buying if required.
Traders were waiting for the minutes of the Fed’s September policy gathering for fresh clues on the major bank’s future policy moves.
Demand for the American dollar is still supported, as on Tuesday, the odds for a December rate lift passed the 70% threshold.
The currency pair GBP/USD leapt 1.25% to hit 1.2275, bouncing off the multi-decade minimums achieved during recent trading sessions amid surging ‘hard Brexit’ worries for the UK.