Stocks Little Changed, Dollar Weakens After Fed Minutes - News Summed Up

Stocks Little Changed, Dollar Weakens After Fed Minutes


Today's HighlightsDemand for U.S. Treasurys increased, gold pared losses and the dollar weakened following the Fed minutes. Prior to the Fed minutes the blue-chip index was down 0.1%. The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, slipped less than 0.1% after the release of the Fed minutes. The yield on the 10-year U.S. Treasury note was 1.549% compared with 1.566% before the release of the Fed minutes, according to Tradeweb. Recent comments from Fed officials have suggested the possibility of higher rates this year remains on the table.


Source: Wall Street Journal August 17, 2016 07:38 UTC



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