The U.S. dollar was on the defensive on Thursday after the minutes from the Federal Reserve's last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike.
The readout of the July 25-26 meeting showed some members called for halting interest rate hikes until it was clear the inflation trend was transitory, but it also indicated the Fed was poised to begin reducing its $4.2 trillion portfolio of bonds.
The dollar also stepped back to 109.84 yen , down 0.3 percent from late U.S. trade and down more than a full yen from Wednesday's high of 110.95.
The dollar's index against a basket of six major currencies (DXY) (=USD) slipped to 93.39 from Wednesday's three-week high of 94.145.
Source: Bloomberg Pro Terminal
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