Dollar Eases as Fed Minutes Offer Few Clues on Rate Cuts Timeline

LONDON/SINGAPORE—The dollar fell on Thursday, after rising to an almost three week high a day earlier, with minutes of the Federal Reserve’s last meeting providing few clues on when the United States might start cutting interest rates. Minutes of the December policy meeting released on Wednesday showed Fed officials convinced inflation was coming under control and concerned about the risks of the central bank’s “overly restrictive” monetary policy on the economy. However, there were no clear-cut clues on when the Fed could begin easing rates, with policymakers still seeing a need for rates to stay restrictive for some time. Against…