Dollar slips as risk sentiment improves after Fed minutes

Published by
Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was broadly weaker on Thursday as investors, encouraged the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets. The eagerly awaited readout of the Nov. 1-2 Fed meeting showed officials were largely satisfied they could now move in smaller steps. “I think now it is almost certain that we’ll see the FOMC slow its pace of tightening from December,” said Carol Kong, a currency strategist at the Commonwealth Bank of Australia (CBA). The dollar index, which measures the greenback against six…

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