Dollar Slides Near Multi-Month Lows Amid Easing Treasury Yields
The US dollar is hovering near multi-month lows against major peers on Wednesday as Treasury yields ease from recent highs. Investors are awaiting the release of minutes from the Federal Reserve's latest policy meeting for clues on the path of interest rates.
The euro has inched up 0.1% to $1.1585, remaining close to the two-month high touched earlier this week. Sterling is a touch higher at $1.3538, holding near a three-month high ahead of British inflation data due later on Wednesday.
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.
Market participants are turning their attention 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.