Dollar stays clear of lows, Fed divided over rates outlook [CNBC]
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Source: CNBC
Irina Marwan | Moment | Getty Images The dollar dipped on Thursday, but held above its recent lows after minutes ?from the Federal Reserve showed policymakers did not seem to be in a rush to cut interest rates and that several were open to hikes if inflation proved sticky. Investors were also nervous ?about a reported buildup of U.S. forces in ?the Middle East and a potential ?U.S.-Iran conflict, which lifted oil prices and safe-haven assets. The euro, meanwhile, held steady around $1.18, having fallen sharply the day before, following a report that European Central Bank President Christine Lagarde planned to leave before her term ends in October next year. Fed minutes released on Wednesday showed policymakers divided over where to take U.S. rates ?and ?suggested that the next chairman, due to start in May, will have a hard ?time pushing through rate cuts. Several policymakers are expecting productivity gains to dampen inflation, the minutes said, but “most participants” ca
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