Federal Reserve Minutes Help Boost Dollar – 18 October, 2018

Minutes from the U.S. Federal Reserve’s September meeting helped the dollar firm against it’s major peers as the central bank is expected to continue raising interest rates this year. The dollar index was up 0.08 percent to 95.65 against six major peers. The euro lost 0.65 versus the dollar on Wednesday and remained flat to trade at $1.1497. Over the previous three weeks, the euro has dipped 2.73 percent versus the dollar. The pound was down 0.12 percent against the dollar at $1.3096, and the Australian dollar gained 0.3 against the greenback to $0.7128. The yen weakened 0.12 percent against the dollar to 112.53.