A poll showed Le Pen was only 10 points behind conservative Francois Fillon but 22 points behind centrist Emmanuel Macron in the potential second-round run-offs. Wednesday's Fed minutes, which showed that there was less urgency among voting members to raise interest rates, also kept the dollar depressed against its major rivals. The dollar index <.DXY>, which measures the greenback against a basket of six major currencies, was last down 0.2 percent at 101.010. [nW1N1FN03F] [nL4N1G8497] That was in line with comments by other politicians over the past month, but seemed to some investors to dial back Trump's own recent promises. Concerns over politics on both sides of the Atlantic helped the safe-haven yen, with anti-EU French presidential candidate Marine Le Pen's campaign and U.S. President Donald Trump's policy timeline stoking demand for the Japanese currency.
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FOREX-Dollar drifts as impact from Fed minutes and Mnuchin fade, Aussie slips
The U.S. currency fell to a low of 112.905 yen overnight following the release of the Fed's meeting minutes. This initially disappointed dollar bulls, who had hoped for a more hawkish tone after Fed Chair Janet Yellen said last week that waiting too long to raise rates again would be "unwise." The Aussie took a knock after data showed Australia's capital spending fell at a greater pace than anticipated in the fourth quarter. The possibility of Le Pen winning and potentially negative consequences for the euro zone have recently dogged the euro. A relatively big mover in Asia was the Australian dollar, which was last down 0.4 percent at $0.7676
Dollar gains in Asia on Mnuchin tax views, investors mull Fed By Investing.com
Dollar gains in AsiaInvesting.com - The dollar made some gains in Asia oN Friday after comments from Treasury Secretary Steven Mnuchin that the Trump administration wants a tax cut plan passed by Congress by August and as investors weighed the prospects of the Fed hiking rates in March. Analysts had expected jobless claims to rise by 2,000 to 241,000 last week. The U.S. Department of Labor said initial jobless claims increased by 6,000 to 244,000 in the week ending February 18 from the previous week's revised total of 238,000. The minutes came after Fed Chair Janet Yellen said last week that a rate increase would be appropriate at one of the Fed's forthcoming meetings. However, the minutes also revealed the central bank's uncertainty over the lack of clarity of the Trump administration's economic program, which limited the greenback's gains.
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