"The minutes suggested the Fed is not in a hurry to raise interest rates. "This means the effective interest rates in the future have shifted five basis points lower over a long period of time. It last stood at 109.61 yen, down 0.4 percent on the day.The safe-haven Swiss franc also ticked up 0.2 percent to 0.9943 franc to the dollar, helped by investors' cautious mood. "I think there is risk of further downward revision in the European economic outlook. Earlier this year, people thought the European Central Bank, the Bank of England and the Federal Reserve will all raise interest rates.

Source: The Star May 24, 2018 04:30 UTC