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Dollar hovers near one-month low as Fed minutes lack surprise

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar hovered near a one-month low on Thursday amid improving risk appetite after minutes of the Federal Reserve’s May meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July. The dollar index, which measures the currency against six major peers, was little changed at 102.03, consolidating around that level after a short-lived bounce immediately after the minutes on Wednesday. But the move fizzled as the Asian trading day got underway, with analysts saying there were few surprises in the …

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