LONDON/SINGAPORE—The dollar was roughly flat in choppy trading on Thursday after the release of the latest Federal Reserve minutes.
Details of the discussion from the central bank’s December policy meeting, released on Wednesday, showed policymakers remain focused on curbing inflation and do not envisage interest rate cuts in 2023.
Analysts said the minutes were broadly in line with expectations, explaining the relatively muted reaction in markets.
The euro was last up 0.05 percent against the dollar at $1.061. It rose 0.54 percent on Wednesday after French inflation came in lower than expected, boosting optimism about the eurozone economy.
Fed officials projected in December that the main interest rate, currently in the 4.25 percent–4.50 percent range, would rise to just over 5 percent in 2023 and likely remain there for some time….