U.S. dollar declines amid policy uncertainty

The U.S. dollar ended lower against other major currencies on Thursday amid rising concerns over whether Trump administration will fully implement its economic policies.

Analysts said there seems to be little progress in the tax reform and public spending that U.S. President Donald Trump had promised earlier this month, which has dented market sentiment and limited dollar strength.

According to minutes of the Federal Reserve's latest monetary policy meeting released on Wednesday, Fed officials expressed their confidence in the economy and viewed next interest rate hike would be "fairly soon", but they also emphasized the uncertainty surrounding the Trump administration's policies.

The dollar index, which measures the greenback against six major peers, was down 0.16 percent at 101.060 in late trading

In late New York trading, the euro rose to 1.0572 dollars from 1.0564 dollars in the previous session, and the British pound climbed to 1.2541 dollars from 1.2457 U.S. dollars in the previous session. The Australian dollar added to 0.7715 U.S. dollar from 0.7706 U.S. dollar.

The U.S. dollar bought 112.75 Japanese yen, lower than 113.15 yen of the previous session. The U.S. dollar fell to 1.0073 Swiss francs from 1.0102 Swiss francs, and it edged down to 1.3114 Canadian dollars from 1.3165 Canadian dollars. Enditem