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Dollar capped after Yellen, Canadian dollar stands tall on BOC rate hike

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - The dollar was capped against a basket of currencies early on Thursday after Federal Reserve Chair Janet Yellen did not sound as hawkish as many had anticipated, while the Canadian dollar stood near a 13-month high after its country's central bank hiked interest rates for the first time since 2010.The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation may leave the central bank with diminished leeway, Yellen said at her semiannual appearance before Congress on Wednesday.The ...

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First Published: Thu, July 13 2017. 06:11 IST
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