Dollar Drifts Near Lows as Treasury Yields Ease Ahead of Fed Minutes

The US dollar has been drifting near multi-month lows against major peers on Wednesday as Treasury yields have eased from recent highs.

This move is being closely watched by investors, who are awaiting the release of minutes from the Federal Reserve's latest policy meeting for clues on interest rates.

The euro inched higher to $1.1577, holding near a two-month high touched earlier this week.

Sterling was little changed at $1.3533, remaining close to a three-month high ahead of British inflation data due later on Wednesday.

A selloff in US Treasuries appeared to have paused amid a week light on economic data or other obvious catalysts.

Market participants now turn to the Federal Reserve's release of minutes from the most recent meeting of its monetary policy-setting Federal Open Market Committee later in the day, looking for clues as to policymakers' views on interest rates.