On Wednesday, the evergreen buck lost ground in Asia trade, as traders waited for the minutes of the Fed’s latest gathering for clues as to the pace of interest rate lifts, the EU’s political woes kept a bruised euro under pressure.
The Fed minutes due to be published later on Wednesday could either undermine or reinforce recent hawkish comments from major bank policy makers.
On Monday, Cleveland Fed President Loretta Mester told in a speech in Singapore that she would be quite comfortable increasing rates at this point if the American economy maintained its current performance.
The US dollar slid 0.2%, hitting 113.45 yen, drifting away from its high of 114.955 yen reached a week ago, which was its highest value since late January.
Money market futures kept pricing in approximately a one-in-five probability of a rate lift at the Fed’s next gathering in March.
The euro gained 0.1%, being worth $1.0545, having dipped to a minimum of $1.0526 overnight.
