Dollar weaker ahead of Fed minutes

The US dollar touched another new record low versus the euro and hit a record low in relation to the Swiss franc as well as investors waited to see if the minutes of the most recent meeting of the US Federal Reserve will give any indication of what the Fed might do about interest rates in December.

In New York trade, the greenback went as low as $1.4814 versus the euro and was trading at $1.4783 to the euro at around 1:30 p.m. local time, while the US currency went as low as SFr1.1070 and traded at SFr1.1083 to the dollar in afternoon trade.

Meanwhile, the yen weakened to trade at ¥109.7750 to the dollar as investors returned to risky carry trades after the equities markets began to recover from Monday’s losses.

The yen traded at ¥162.2858 to the euro, at ¥226.5149 to the pound, and at ¥97.1673 to the Australian dollar in early afternoon trade in New York.

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