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The dollar was mixed against its most-traded counterparts before minutes of the Federal Reserve’s last meeting are released today.
The euro fluctuated against the dollar amid shifting investor appetite for riskier assets as U.S. stocks swung between gains and losses.
Sterling fell against all of its 16 most-traded counterparts as minutes of the British Bank of England’s May 5 meeting showed most policy makers said higher interest rates might hurt the recovery. New Zealand’s dollar was the best performer against the greenback after the nation’s producer prices and consumer confidence increased.
“The markets are in an inflection point,” said Jessica Hoversen, a New York-based analyst at the futures broker MF Global Holdings Ltd. “The data suggest the economic momentum is cooling; we’re just trying to figure out how much it’s going to cool.”
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