Forex Top Story

Dollar Drifts Lower Against Major Counterparts After Fed Minutes

The U.S. dollar fell on Wednesday and posted losses against most of its major counterparts, as the minutes of the Federal Reserve's latest monetary policy meeting suggested the central bank is considering slowing the pace of its interest rate hikes.

The minutes said a majority of meeting participants judged that a slowing in the pace of rate hikes would likely "soon be appropriate."

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by RTTNews Staff Writer

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