Dollar rebounds from two and a half month low after Fed minutes

The dollar rebounded from a two and a half low after the Federal Reserve's minutes hinted that interest rates would remain restrictive. The Fed stated they would proceed "carefully" and only raise rates if inflation control faltered. Markets expect the Fed to hold rates in December, but there is a 27% chance of a rate cut in March. The dollar index rose 0.2% but is down 2.6% in November. Analysts believe the Bank of Japan may exit negative interest rates next year. Bitcoin rose 2.3% after Binance's chief announced a guilty plea for breaking US anti-money laundering laws.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GcbrQ7z