USD and Wall Street Rise Following Fed’s Meeting Minutes

The U.S. Dollar (USD) rebounded on Wednesday, following the release of the latest Federal Reserve meeting minutes, as Treasury bond yields rose.

This led the greenback to recover from its lowest level in about two weeks and achieve daily gains.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, rose by the end of Wednesday session by about 0.13% to 92.46.

Following the release of the March meeting minutes, the benchmark U.S. 10-year Treasury bond yield increased to 1.668%, after falling earlier to 1.635.

Meanwhile, the main indices of the New York Stock Exchange (NYSE) closed mostly higher, except for the tech-savvy Nasdaq, which was negatively by the rise in yields.

The Dow Jones Industrial Average finished marginally higher by 16.02 points, or 0.05%, at 33,446.26 points.

The S&P 500 index rose to a new record high, closing at 4,079.95 points, after adding 6 points, or 0.15%.

On the other hand, the Nasdaq Composite Index saw a marginal decline by 9.54 points, or 0.07%, to end the session at 13,688.84 points.