The dollar briefly rose to a new seven-month high against the euro, but pulled back somewhat after the prospect of rate hike wasn’t as ironclad as traders hoped.The euro EURUSD, +0.3565% sunk to $1.0617 immediately after the report was released, but soon rebounded to trade around $1.0648, where it was trading before the report’s release.
The dollar USDJPY, -0.21% strengthened to ¥123.76 after the minutes, its highest level against the yen since late August. Though it too soon fell back to where it was trading before the report.
The euro traded at $1.0645 and the dollar traded at ¥123.41 late Tuesday in New York.
Meanwhile, the ICE U.S. Dollar Index DXY, -0.31% a measure of the dollar’s strength against a basket of six rival currencies, was at 99.71, up 0.1% on the day.
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