Investing.com

Investing.com - The dollar slid to almost one-week lows against the euro on Wednesday, as investors looked ahead to the minutes of the Federal Reserve’s June meeting, due out later in the trading day.



EUR/USD edged up 0.10% to 1.3626, from 1.3610 late Tuesday.



The pair was likely to find support at 1.3590 and resistance at 1.3650.



The dollar was pressured lower amid concerns that recent U.S. data showing that the labor market is continuing to strengthen will not be enough to prompt the Fed to bring forward its timetable for raising interest rates.



The dollar was boosted after official data late last week showed that the U.S. economy added a larger-than-forecast 288,000 jobs last month, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.



But the greenback came under renewed pressure on Tuesday due to the belief that the Fed will stick to its dovish stance on monetary policy amid concerns over ongoing slow growth in inflation and wages.



Markets were looking the minutes of the Fed’s June meeting for further indications on its monetary policy stance.



The euro also pushed higher against the yen, with EUR/JPY up 0.14% to 138.45.



Elsewhere, the dollar was steady against the Japanese currency, with USD/JPY at 101.60, off a one week low of 101.43 touched earlier in the session.





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