The U.S. dollar decreased against most major currencies on Thursday as investors were digesting the newly released Federal Reserve minutes for its latest meeting.
"Participants anticipated that the recent global developments would likely put further downward pressure on inflation in the near term," said the minutes on Thursday for the Fed's Sept. 16-17 policy meeting.
The dovish remarks towards near-term inflation added to the recent soft economic data from the country, dampening market expectation for an interest-rate hike by year-end. Analysts said a great number of investors are estimating that the rate-liftoff will not happen until early 2016.
The dollar index, which measures the greenback against six major peers, was down 0.19 percent to 95.315 in late trading. In late New York trading, the euro rose to 1.1272 dollars from 1.1252 dollars in the previous session, and the British pound climbed to 1.5341 dollars from 1.5317 U.S. dollars in the previous session. The Australian dollar inched up to 0.7252 dollar from 0. 7205 dollar.
The U.S. dollar bought 119.96 Japanese yen, higher than 119.92 yen of the previous session. The U.S. dollar dived to 0.9669 Swiss franc from 0.9728 Swiss franc, and it decreased to 1.3007 Canadian dollars from 1.3065 Canadian dollars.
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