Investing.com - The dollar fell Thursday as the minutes of the latest FOMC meeting show officials favoring a gradual tightening.
The dollar index fell back below 97 and was trading off 0.06% at 96.89 at 02:45 ET.
Most FOMC members believe it would be prudent to hold back on tightening to gauge if the slowdown in the U.S. economy in the first quarter is "transitory."
However, a June hike still seems firmly on the cards. The market odds of a Fed rate hike in June stand at over 77%.
Most members also advocate a gradual unwinding of the Fed's holdings of some $4.5 trillion in Treasury debt and mortgage-backed securities this year.
U.S. Treasury yields fell after the release of the minutes.
The euro moved back above the $1.12 mark near multi-month highs.
The greenback was higher against the yen, adding 0.21% to 111.73.
The pound was firm just below the $1.30 mark ahead of the second reading of U.K. GDP growth.