Dollar steady as dealers await Fed minutes

0 Comments | AFP, February, 2008

LONDON (AFP) — The dollar steadied against the euro and fell only slightly against the yen on Wednesday as dealers awaited fresh US data, including minutes from the US Federal Reserve's latest interest rate meeting.

In European trading, the euro stood at 1.4725 dollars, unchanged from late in New York on Tuesday.

Against the Japanese currency, the dollar dipped to 107.68 yen from 107.76.

The Fed was set Wednesday to publish minutes from its meeting on January 29-30, when the US central bank voted to slash American interest rates by a half-point to 3.00 percent.

That followed an emergency US rate cut of 0.75 percentage points on January 22 that was aimed at stabilising volatile world stock markets.

"The minutes of the meeting from January...

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