Key facts
- The U.S. dollar traded near multi-month lows against major peers.
- Treasury yields eased from recent highs.
- Markets are awaiting the Federal Reserve's meeting minutes for interest rate clues.
- Softer U.S. economic data has led investors to scale back rate-hike bets.
- The euro inched higher, while sterling and the yen were little changed against the dollar.
The U.S. dollar drifted near multi-month lows against major peers as Treasury yields eased, with investors awaiting minutes from the Federal Reserve's latest policy meeting for clues on interest rates. The euro edged higher to $1.1577, sterling held near a three-month high at $1.3533, and the Japanese yen was little changed at 159.56 per dollar. The dollar index was marginally down at 99.65. Recent U.S. economic data, including job losses and mild inflation, has led markets to scale back expectations of further Fed rate hikes. Market participants are now focused on the Fed's meeting minutes, while a stalemate in the Middle East lifted oil prices.