Fed FOMC : Inflation and weakness in the global economy could still pose risks to the U.S. economic outlook

The Federal Reserve FOMC meeting turn The safe haven currency US dollar moved lower against a basket of other major currencies on Thursday,  after the minutes of the Federal Reserve's latest meeting prompted investors to push back expectations on the timing of an initial rate hike. Waiting for the right time

As we knew The USD index, which tracks the safe haven currency US dollar against a basket of six major rivals, Safe haven currency US dollar index was last down 0.25% to 96.19, after ending the previous session down 0.7%.

The Federal Reserve FOMC meeting showed that Fed officials believe the economy is nearing the point where interest rates should move higher, but noted that the subdued inflation outlook, inflation and weakness in the global economy could still pose risks to the U.S. economic outlook. Still need more time

Data on Thursday showed that labor market rose by 4,000 to a seasonally adjusted 277,000 last week, but remained close to levels indicating that the labor market is strengthening.

Meanwhile EUROPE CURRENCY EUR/USD rose 0.45% to 1.1167, after ending Wednesday's session with gains of 0.89%.

Another safe haven currency pairs USF/JPY, The dollar pared back early gains against the yen, WITH USD/JPY up just 0.1% to 123.92, not far from Wednesday's almost three-week lows of 123.68.

The safe haven currency pairs in European Swiss France CHF was steady near three-week highs against the USD at 0.9659.

THE Brittain currencies pound sterling was slightly lower, with GBP/USD down 0.15% to 1.5657, holding below Tuesday's seven-week peaks of 1.5716.

Sterling softened after data earlier on Thursday showing THAT UK RETAIL SALES rose less than expected in July sparked concerns over the outlook for consumer demand.