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U.S. dollar trades mixed amid Fed tapering worries
Last Updated:2013-08-20 03:29 | Xinhua
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The U.S. dollar traded mixed against other major currencies Monday as investors were speculating when the U.S. Federal Reserve will start to trim its monetary stimulus policy.

As no major economic data was due Monday, investors were looking for any hints on Fed tapering plans from minutes of the latest meeting of the Federal Open Market Committee, the policy setting arm of the U.S. Federal Reserve, scheduled for release Wednesday.

Meanwhile, U.S monetary policy makers will meet in Jackson Hole, Wyoming, from Thursday to Saturday to discuss economic situation and monetary policy.

The U.S. economic data released recently indicated that the Federal Reserve, the country's central bank, would start to trim its massive monetary stimulus late this year.

Boosted by apartment construction, U.S. homebuilders broke ground on more homes in July, evidence of a recovering property market, the Commerce Department reported Friday.

Moreover, labor productivity of the non-farm business sector grew at an annual rate of 0.9 percent in the second quarter of the year, the Labor Department said.

In late New York trading, the euro rose to 1.3342 dollars from 1.3336 dollars of the previous session and the British pound increased to 1.5657 dollars from 1.5642 dollars. The Australian dollar lost to 0.9125 dollars from 0.9199 dollars.

The dollar bought 97.59 Japanese yen, compared with 97.5 yen of the previous session. It edged down to 0.9234 Swiss francs from 0. 926 Swiss francs, and moved up to 1.0344 Canadian dollars from 1. 0324 Canadian dollars.

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