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NEW YORK/LONDON, Oct 9 - The U.S. dollar edged higher on Wednesday ahead of the release of records from the Federal Reserve's September decision to slash interest rates by 50 basis points, reflecting confidence that the central bank will not continue easing so aggressively.
The euro extended its recent sell-off to a two-month low against the greenback, and was last off 0.26% at $1.0953. Dollar/yen rose 0.61% to match Monday's 149.10 high, which was its loftiest since Aug 16. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, extended its rally to the highest since Aug. 16 and was 0.26% firmer at 102.76.Traders are also watching a parade of Fed speakers on Wednesday and keeping powder dry for Thursday's release of September's consumer price index.
Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given"still-real" upside risks to inflation and"meaningful uncertainties" over the economic outlook.
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