US dollar ticks down amid Fed minutes

The US dollar declined against most other major currencies on Wednesday as investors digested the minutes from Federal Reserve's June policy meeting amid economic data.

In late New York trading, the euro rose to $1.1104 from $1.1072 in the previous session, and the British pound declined to $1.2922 from $1.3024 in the previous session, Xinhua news agency reported.

The Australian dollar increased to $0.7517 from $0.7460.

The US dollar bought 101.39 Japanese yen, lower than 101.54 yen of the previous session.

The U.S. dollar lost to 0.9743 Swiss franc from 0.9769 Swiss franc, and it dipped to 1.2956 Canadian dollars from 1.2990 Canadian dollars.

According to the minutes released, US central bank policymakers said it was prudent to wait for more data and the Brexit vote result before raising rates.

Fed officials also cited a severe slowdown in hiring by US employers as a reason for leaving interest rates steady last month, the minutes showed.

The dollar index, which measures the greenback against six major peers, was down 0.08 per cent at 96.089 in late trading.

--IANS

pgh/