The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market Committee signaled policymakers at the US central bank viewed inflation as the biggest risk to their outlook.
The dollar index, which measures its strength against a basket of six currencies, was steady at 102.23 after rising 0.3% on Wednesday. The greenback remains within a few pips of its strongest levels since April 9, 2025, following the market turmoil that accompanied the so-called Liberation Day tariff announcement the previous week.
