FOREX-Dollar trades near two-week low as U.S. yields fall

By Reuters4 days ago

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By Ritvik Carvalho

LONDON, April 8 (Reuters) - The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction.

Fed officials remained cautious about the risks of the pandemic - even as the U.S. recovery gathered steam amid massive stimulus - and committed to pouring on monetary policy support until a rebound was more secure, the minutes showed Wednesday.

Fed Chair Jerome Powell will speak at a virtual International Monetary Fund conference later on Thursday.

The dollar index =USD which measures the U.S. currency against a basket of six currencies, edged lower to 92.30 in London trading, after dipping as low as 92.134 on Wednesday for the first time since March 23.

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