Dollar near multi-month lows ahead of Fed minutes
The dollar is retreating near its lowest levels in several months against a basket of major currencies, as U.S. Treasury yields decline to their recent lows. Investors are awaiting the release of the Federal Reserve's meeting minutes today, through which they will monitor the path of interest rates. Meanwhile, the euro remained steady at 1.1577 dollars, and the British pound was unchanged at 1.3533 dollars, while the Japanese yen held steady at 159.56 against the dollar after previously losing some gains. Markets are focused on the meeting minutes to assess the chances of a rate hike or hold, as yields on 10- and 30-year bonds dropped to 4.702% and 5.282%, respectively, in a week lacking significant economic data.
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