The U.S. dollar slipped against major currencies in late New York trading on Tuesday as Fed's minutes showed new round of monetary easing policy was around the corner.
The Fed's minutes released after its latest meeting on Tuesday said it was prepared to take further moves to bolster the U.S. economy if needed. The euro traded around 1.3855 against the dollar before the release, but bounce to above 1.3872 after that, as investors expected the dollar would retreat due to Fed's action.
The European Central Bank (ECB) Governing Council member Axel Weber acknowledged earlier Tuesday that the bond-buying program by ECB had not worked and should be scrapped. The euro gained slightly by his remarks.
Against the yen, the dollar kept on declining in most of trading session, barely above 81.75.
In late Tuesday trading, the dollar bought 81.88 Japanese yen, comparing with 82.07 late Monday, and the euro rose to 1.3914 dollars from 1.3891.
The British pound fell to 1.5778 dollars from 1.5886. The dollar dropped from 0.9637 to 0.9578 against Swiss francs, and dipped to 1.0109 Canadian dollars from 1.0133. (PNA/Xinhua)
ALM
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