The
dollar fell as tepid economic reports damped demand for the currency
after minutes from the Federal Reserve’s last policy meeting left bulls
with little to cheer.
The
U.S. currency snapped three days of gains versus the euro after housing
and jobs data missed forecasts. The greenback weakened versus most of
its major peers as traders digested minutes released Wednesday that
suggest the Fed is unlikely to increase rates in June, while remaining
open to tightening later this year.
The
dollar weakened 0.2 percent to $1.1118 per euro as of 3:50 p.m. in New
York, after touching $1.1062 on Wednesday, its strongest level since
April 29.
The U.S. currency fell 0.3 percent to 120.97 yen, halting a five-day gain.
Source: Bloomberg
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