The US dollar extended its recovery on Thursday, boosted by the release of minutes detailing the Federal Reserve's December meeting.

During the meeting policy-makers indicated that they believed the bond-purchase programmes would operate until December at the latest.

The euro fell to $1.3072 compared to £1.3177 earlier.

This extended the currency's earlier gains as it erased losses seen on the announcement of the new bill to delay the tax hikes and spending cuts of the 'fiscal cliff' on Tuesday.

The ICE dollar index, which measures the greenback against a basket of six other major currencies, climbed from 80.199 before the minutes to 80.343 after.

Meanwhile, the pound declined from $1.6121 compared to $1.6249 the previous evening.

NR

Related share prices