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U.S. dollar climbs ahead of Fed minutes

Xinhua, October 12, 2016 Adjust font size:

The U.S. dollar rose against most major currencies on Tuesday as investors were awaiting the closely-watched Federal Reserve minutes of its latest meeting.

The U.S. central bank will release the minutes of its September monetary policy meeting on Wednesday, which is expected to give out more clues of Fed's further rate-hikes.

Analysts said recent overall positive data have shown compelling strength that could green light a U.S. rate hike by the end of the year.

Some Fed officials also said last week that there was a strong case to raise interest rates, and the central bank should not delay rates hikes.

The dollar index, which measures the greenback against six major peers, was up 0.77 percent at 97.676 in late trading.

In late New York trading, the euro fell to 1.1052 dollars from 1.1139 dollars, and the British pound declined to 1.2126 dollars from 1.2356 dollars. The Australian dollar decreased to 0.7543 dollars from 0.7605 dollars.

The dollar bought 103.34 Japanese yen, lower than 103.69 yen in the previous session. The dollar inched up to 0.9885 Swiss francs from 0.9827 Swiss francs, and it rose to 1.3250 Canadian dollars from 1.3170 Canadian dollars. Enditem