The dollar extended losses Wednesday, after minutes from the Federal Reserve’s latest meeting showed growing concerns among officials over how trade will impact economic growth.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was recently down 0.1% at 89.15.
Officials at the meeting pointed to trade disputes as “an important source of uncertainty and risks” and highlighted a long list of concerns, including potential harm to business sentiment and a reduction in the U.S. households’ purchasing power.
Fed officials also signaled that it likely will raise rates next month, as widely expected.
In emerging markets, the dollar was up 1.4% against the Russian ruble, and gained 0.3% against the Brazilian real. It was down 1.5% against the South African rand.
Write to Ira Iosebashvili at [email protected]