Dollar Nears First Rise After Three Declines

The U.S. Dollar (USD) leveled up on Wednesday, to near logging its first daily rise in four sessions, after the release of the Federal Reserve’s April meeting minutes.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.48% at 90.18.

The index has been moving today in a range between 89.69 and 90.29.

Although the Fed’s meeting minutes showed an agreement that the U.S. economy remains far from reaching the central bank’s goals, it also pointed to the emergence of the idea by some policymakers that it might be appropriate at some point in the upcoming meetings to start discussions about scaling back the asset purchases. In what would be the first step in reducing the monetary easing policies.