U.S. dollar edges higher amid Fed minutes

NEW YORK, Aug. 17 (Xinhua) -- The U.S. dollar rose modestly in late trading on Wednesday as market participants sifted through the Federal Reserve's latest meeting minutes.

The Fed's July meeting minutes released Wednesday showed that policymakers saw the need for continued interest rate hikes to tame inflation, while signaling greater caution with the pace of coming increases.

The dollar index, which measures the greenback against six major peers, rose 0.07 percent to 106.5760.

In late New York trading, the euro was up to 1.0185 U.S. dollars from 1.0172 dollars in the previous session, and the British pound decreased to 1.2064 U.S. dollars from 1.2090 dollars in the previous session. The Australian dollar was down to 0.6943 U.S. dollars from 0.7022 U.S. dollars.

The U.S. dollar bought 135.06 Japanese yen, higher than 134.22 Japanese yen of the previous session. The U.S. dollar rose to 0.9515 Swiss franc from 0.9499 Swiss franc, and it rose to 1.2898 Canadian dollars from 1.2848 Canadian dollars.

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