October 20, 2021
Economy

Dollar edges up as focus turns to Fed for taper clues


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By Ritvik Carvalho

LONDON (Reuters) – The dollar traded near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week’s Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus.

The dollar index, which measures the currency against six rivals, was 0.2% higher at 92.626, little changed from Wednesday.

It reached a two-week high of 92.887 at the start of the week, only to drop to a one-week low of 92.321 on Tuesday after a softer-than-expected inflation report. Its low for the month was 91.941, hit on Sept. 3, when payrolls data disappointed.

On Wednesday, industrial production data in the U.S. marginally missed expectations, while import…

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