LONDON—The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favoring additional 50 basis point rate hikes at the June and July meetings.
The dollar index, which measures the currency against six major peers, was down 0.2 percent at 101.83 as the minutes showed the Fed is likely to stay the course for now, but keep its options open for a range of policy choices after July.
