Economy

Dollar Stabilizes Ahead of Federal Reserve Meeting Minutes

Dollar Stabilizes Ahead of Federal Reserve Meeting Minutes

The dollar remained close to the midpoint of its trading range against other major currencies over the past three weeks, as traders are focused on the release of the minutes from the latest Federal Reserve meeting for insights into monetary policy direction. There was little change in the dollar index, which measures the currency's performance against a basket of six other major currencies, including the euro and yen, recording 103.02 after fluctuating between 103.75 and 102.75 since early June.

The euro rose by 0.1%, while the Australian dollar stabilized, maintaining its previous session gain of 0.32%. The yuan showed no change, holding at 7.231 to the dollar in offshore trading after a 0.3% increase.

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