The dollar fell as tepid economic reports damped demand for the currency after minutes from the Federal Reserve’s last policy meeting left bulls with little to cheer.
The U.S. currency snapped three days of gains versus the euro after housing and jobs data missed forecasts. The greenback weakened versus most of its major peers as traders digested minutes released Wednesday that suggest the Fed is unlikely to increase rates in June, while remaining open to tightening later this year.
The dollar weakened 0.2 percent to $1.1118 per euro as of 3:50 p.m. in New York, after touching $1.1062 on Wednesday, its strongest level since April 29.
The U.S. currency fell 0.3 percent to 120.97 yen, halting a five-day gain.