The US dollar declined Thursday following the minutes of the Federal Reserve’s meeting implied policymakers were not rushing to increase interest rates.
Last month, policymakers agreed the economy was close to a point where rates should be raised, but were worried dwindling inflation and a disappointing global economy posed perils too large to lift off.
The greenback ended at $1.1149 per euro and steadied at $1.5681 per British pound. Against the Japanese yen, the dollar stood at ¥123.935.
Fed minutes already showed apprehensions inflation was not increasing as projected “even before the recent financial market turmoil,” said Masafumi Yamamoto, Senior Strategist at Monex.
Investors may take cues from San Francisco Fed President John Williams when he speaks in Indonesia later in the day.
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