Dollar dips before Fed minutes

The US dollar declined against major currencies ahead of the Federal Reserve's meeting minutes release, as US Treasury yields for 10 and 30-year bonds fell after reaching their highest levels in nearly 20 years. Markets are awaiting the content of the minutes to understand the Fed's policy stance on interest rates, especially given signs of a slowdown in the US economy and a weakening labor market. Meanwhile, major currencies such as the euro and the British pound rose, amid ongoing tensions in the Middle East that are affecting oil prices. The decline in bond yields and inflation expectations reflect a cautious mood in the markets.

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