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Foreign Exchange Analysis Headlines

Dollar at five-month high as Fed minutes signal a hike 'soon'

The dollar held near a more than five-month high against a basket of currencies on Wednesday, after minutes of the Federal Reserve's May policy meeting showed most policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact.

Sterling tumbles after weak UK inflation

Sterling slid on Wednesday to a new five-month low after weaker-than-expected UK inflation dented the prospect of the Bank of England (BoE) raising interest rates this year.

Dollar weakens as focus turns to Fed minutes

The dollar slipped on Tuesday after six straight days of gains, as U.S. Treasury yields dipped and investors looked for fresh incentives to buy the currency following a nearly 7 percent rally since mid-February.