Summary The dollar weakened against the euro on Thursday as rate hike prospects fade.
NEW YORK (AFP) - The dollar weakened against the euro Thursday as traders digested Federal Reserve signals suggesting that interest rates would be unlikely to rise any time soon.
Around 2200 GMT, the euro bought $1.3888 compared with $1.3852 late Wednesday.
The dollar fell to 101.44 yen from 101.97 yen, after earlier hitting a three-week low of 101.33. The euro dipped to 140.88 yen from 141.26.
"A broadly under-pressure greenback fell to its lowest in weeks against the euro and yen," said Joe Manimbo of Western Union Business Solutions.
Dollar sentiment took a hit after the Federal Reserve on Wednesday released the minutes of the March 18-19 policy meeting of the Federal Open Market Committee.
The FOMC minutes "stopped short of confirming expectations of a US rate hike some time during the first six months of 2015. The dollar had already ended the week on its back foot after US jobs data last week fell a little short of forecasts," Manimbo said.
"Both the Fed minutes and the job market have signaled a 'steady as she goes' outlook for the central bank's low-rate policies."
The dollar also fell against the Swiss currency, buying 0.8762 franc compared with 0.8795 late Wednesday.
The pound fell to $1.6785 from $1.6792.
