Dollar Remains Higher as Minutes Show Fed in No Rush to Hike

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The dollar remained higher as minutes from the Federal Reserve’s April meeting suggested the central bank is in no hurry to raise interest rates soon.

The U.S. currency fluctuated after policy makers said last month that they didn’t expect to raise rates at their next meeting in June even while concluding that a first-quarter economic slowdown was unlikely to persist, minutes of the meeting show.

The dollar traded at 121.39 yen as of 2:07 p.m. in New York. The U.S. currency traded at $1.1088 per euro.

Source : Bloomberg