Dollar Recovers as Markets Await Clues on US Interest Rates

The dollar regained some of its losses as markets awaited the minutes of the Federal Reserve’s meeting and comments from its officials on the outlook for US interest rates.

The recovery coincided with declines in the euro, Japanese yen and British pound, as attention remained focused on the direction of US monetary policy.

Investors are looking to the meeting minutes for a clearer picture of the Fed’s discussions and the considerations shaping its approach to interest rates.

Remarks from Fed officials will also be watched for signals on the path ahead, with the dollar’s rebound leaving it only partly recovered from its earlier losses.