Bloomberg (08/01) - The dollar was
near a one-month high against the euro before the Federal Reserve
releases minutes of its policy meeting last month as investors weigh the
pace of stimulus tapering by the central bank.
 The Federal Open Market Committee decided at its Dec. 17-18 meeting to reduce monthly bond purchases, and San Francisco Fed President John Williams said yesterday the program may end this year. The yen remained lower following a decline yesterday as domestic stocks ended a two-day slide, sapping demand for haven assets. The greenback traded little changed at $1.3607 per euro as of 10:01 a.m. in Tokyo after reaching $1.3572 on Jan. 6, the strongest since Dec. 5. The yen slipped 0.1 percent to 104.73 per dollar following a 0.4 percent slide yesterday. It retreated 0.1 percent to 142.50 per euro after losing 0.3 percent. Fed policy makers said last month they will taper monthly bond buying to $75 billion from $85 billion. They will probably reduce purchases in $10 billion increments over the next seven meetings before ending them in December, according to the median forecast in a Bloomberg News survey. http://www.bloomberg.com/news/2014-01-07/dollar-trades-near-one-month-high-versus-euro-before-fed-minutes.html |
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