Dollar extends losses after Fed minutes

NEW YORK (Reuters) – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes released from the Federal Reserve’s November meeting showed a “substantial majority” of policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes.

The euro was 0.9% higher against the dollar at $1.03905, on pace for a second straight session of gains. Against the yen, the dollar was down 1.1% at 139.63 yen.

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