Dollar Hovers Near Lows as Treasury Yields Eased Ahead of Fed Minutes

The US dollar has been hovering near multi-month lows against major peers as Treasury yields have eased from recent highs. The Federal Reserve's latest policy meeting minutes are expected to provide clues on interest rates.

The euro rose 0.1% to $1.1585, remaining close to its two-month high touched earlier this week. Sterling was a touch higher at $1.3538, holding near a three-month high ahead of British inflation data due later today.

The Japanese yen also strengthened marginally to 159.32 per dollar, pulling away from the closely-watched 160 level after giving back much of its intervention gains. The dollar index was down 0.1% at 99.55.