November 16, 2021
Economy

FOREX-Dollar steady, sterling slips ahead of Bank of England meeting

* Dollar index slips as markets digest Fed comments

* BoE expected to leave monetary policy unchanged

* Graphic: World FX rates tmsnrt.rs/2RBWI5E

LONDON, June 24 (Reuters) – The dollar slipped slightly in early European trade on Thursday, having spent the week gradually edging away from two-month highs hit after the U.S. Federal Reserve’s surprise hawkish shift at its meeting last week.

Currency markets were quiet as traders weighed up different signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus.

The dollar index inched lower to 91.738 at 0715 GMT, having pared back some gains after hitting a two-month high of 92.408 on Friday.

The euro was a touch higher against the dollar, up 0.1% on the day at $1.1939.

The dollar got some support overnight from two Fed officials saying that a period of higher inflation in the United States could last longer than…

Read full article here: www.reuters.com