The US dollar remained near its highest level in 18 months during subdued trading at the start of the Asian session on Thursday. This followed the release of hawkish minutes from the Federal Open Market Committee (FOMC), which indicated that policymakers at the US central bank see inflation as the primary risk to their economic outlook.
The dollar index, which tracks the currency's strength against a basket of six other currencies, held steady at 102.23 after a 0.3% rise on Wednesday. The greenback is still close to its strongest position since April 9, 2025, a peak reached after market turmoil triggered by the so-called Liberation Day tariff announcement the previous week.