US dollar falls

New York, April 8 (IANS) The US dollar decreased against the Japanese yen to the lowest level in 17 months on Thursday in the wake of the latest Federal Reserve minutes.

In late New York trading, the euro fell to $1.1379 from $1.1405 of the previous session, and the British pound fell to $1.4061from $1.4123, Xinhua news agency reported.

The Australian dollar went down to $0.7505 from $0.7592.

The dollar bought 108.27 Japanese yen, lower than 109.60 yen of the previous session. The dollar slipped to 0.9555 Swiss francs from 0.9559 Swiss francs, and it inched up to 1.3151 Canadian dollars from 1.3112 Canadian dollars.

According to the minutes from the Fed’s March monetary policy meeting released on Wednesday, “many participants expressed a view that the global economic and financial situation still posed appreciable downside risks”.

“Many participants indicated that the heightened global risks and the asymmetric ability of monetary policy to respond to them warranted caution,” the minutes stated.

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