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Dollar slips as risk sentiment improves after Fed minutes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The US dollar was broadly weaker on Thursday as investors, encouraged the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets.

The eagerly awaited readout of the November 1-2 Fed meeting showed officials were largely satisfied they could now move in smaller steps.

This month, the Fed raised its key rate by three-quarters of a percentage point for the fourth straight time in an effort to tame stiflingly high inflation. The minutes also showed an emerging debate within the Fed over the risks that rapid policy tightening could pose to economic growth and financial stability. At the same time, policymakers acknowledged there had been little demonstrable progress on inflation and that rates still needed to rise.

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