By Gina Lee

Investing.com – The dollar was up on Wednesday morning in Asia as investors awaited minutes from the last U.S. Federal Reserve meeting.

This chart tracks the greenback’s performance against a basket currency by tracking it at 1:07 pm ET (5:07 GMT).

This pair edged up by 0.11%, to 126.96.

This pair increased 0.15% to 0,7114. The pair also gained 0.6507 to 0.6507. Investing.com forecast that the rate of interest would be increased from 1.5% – 2.0%. However, it issued more hawkish advice on its future policy direction. It stated that increasing the rate sooner than expected could lower inflation risks.

Both the couple gained 0.2% to 6.6708 and both were up 0.5% to 1.2535

The declined 0.22% to $1.07105 but remained near Tuesday’s high of $1.0748, a level not seen since April 25. ’s comments said eurozone interest rates will likely be in positive territory by the end of the third quarter, which gave the euro support.

Lagarde’s comments implied an increase of at least 50 basis points to the deposit rate and triggered speculation of bigger hikes this summer.

After dipping to 2.718% overnight, the index climbed to 2.7631%.

With concerns about a possible recession due to tightening monetary policies, investors are closely monitoring the outlook for monetary policy. Investors expect more details on how tightening will continue as the minutes of this meeting are released today.

However, Fed Bank of Atlanta President Raphael Bostic, one of the central bank’s dovish policymakers, warned that headlong rate hikes could create “significant economic dislocation” and urged the Fed to tighten policy with care and avoid “recklessness” in an essay published on Tuesday.

“It is unclear whether we are getting closer to the Fed put, but it is clear that growth headwinds are becoming more evident,”  National Australia Bank markets economist Tapas Strickland wrote in a client note.

“The Fed of course remains focused on inflation, but if inflation reads were (to) start to moderate, then Bostic has opened up the possibility of a Fed pause.”

On Thursday, the Asia Pacific Bank will announce its decision regarding interest rates.

The bitcoin price has consolidated to around $30,000.