Dollar Drifts Near Multi-Month Lows Amid Eased Treasury Yields

The US dollar has drifted near multi-month lows against major peers due to eased Treasury yields. Market participants 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, remaining close to its two-month high touched earlier this week. Sterling was little changed at $1.3533, holding near a three-month high ahead of British inflation data due later today.

Data released in the past few weeks have pointed to a softer US economy, including unexpected job losses in July and mild inflation readings. This has led investors to scale back rate-hike bets.