Dollar hovers near highest in a week after hawkish Fed minutes

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Dollar hovers near highest in a week after hawkish Fed minutes
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The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve...

TOKYO - The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials.

Ether continued to hover near Tuesday's more than two-month peak amid speculation over the potential approval of U.S. spot exchange-traded funds that would track the world's second-biggest cryptocurrency.The dollar index, which tracks the currency against six major rivals including the euro, sterling and yen, was little changed at 104.89 after gaining 0.28% overnight.

"Consequently, expectations for the first rate reduction have shifted from September to November. With the Federal Reserve meeting occurring just after the U.S. elections, early November could see significant market volatility." "A Labour win with prospects of a softer Brexit are GBP+, especially vs EUR," TD Securities analysts wrote in a note.

Bigger rival bitcoin was little changed at $69,491 after reaching $71,957 on Tuesday for the first time since April 9.Mike Johnson Punts On Implications Of Trump's Alleged Adultery Cover-UpTrump lashes out after DOJ reveals classified documents were found in ex-president’s bedroom at Mar-a-Lago

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