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Fed Minutes Cap Dollar, Pound Steady After Brexit Extension


Thursday, 11 April 2019 13:02 WIB

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The dollar hovered near two-week lows on Thursday as Federal Reserve minutes reinforced its recent dovish policy tilt while the pound held steady after European leaders extended the deadline for Britain to leave the union.

Currency markets are also awaiting key economic data from the world's second-largest economy with March Chinese trade figures due on Friday and first quarter gross domestic product due next week.

The U.S. dollar lacked momentum, with its index against six other currencies hovering near a two-week low, as the minutes from the Fed's last meeting cemented its recent dovish policy stance with no change to rates expected this year.

The dollar index last stood at 96.93, flat on the day after having slipped to a two-week low of 96.823 on Wednesday.

The British pound stood little changed at $1.3097, staying in a triangle holding pattern between $1.2945 and $1.3380 during the past month or so.

Source : Reuters


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