U.S. dollar edges down amid Fed minutes

NEW YORK, Oct. 7 (Xinhua) -- The U.S. dollar fell modestly in late trading on Wednesday as market participants pored through the newly-released minutes from the Federal Reserve's September meeting.

The dollar index, which measures the greenback against six major peers, was down 0.05 percent at 93.6374.

In late New York trading, the euro increased to 1.1765 U.S. dollars from 1.1752 dollars in the previous session, and the British pound increased to 1.2910 dollars from 1.2900 U.S. dollars in the previous session. The Australian dollar rose to 0.7140 U.S. dollar from 0.7116 dollar.

The U.S. dollar bought 106.03 Japanese yen, higher than 105.55 Japanese yen of the previous session. The U.S. dollar increased to 0.9172 Swiss franc from 0.9166 Swiss franc, and it fell to 1.3267 Canadian dollars from 1.3297 Canadian dollars.

The Fed on Wednesday released minutes of its latest meeting. It showed Fed officials believed that while the U.S. economy was recovering, it faced ongoing threats.

"Participants continued to see the uncertainty surrounding the economic outlook as very elevated, with the path of the economy highly dependent on the course of the virus; on how individuals, businesses, and public officials responded to it; and on the effectiveness of public health measures to address it," said the minutes.

The Fed last month kept its benchmark interest rate unchanged at the record-low level of near zero and signaled to maintain this target range until at least 2023.

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