The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday after minutes of the Federal Reserve's March meeting disappointed investors positioned for a gradual tightening in monetary policy. The greenback has fallen versus the yen in four of the last five trading days. Against the Swiss franc, the dollar has weakened for a fourth straight session.
The dollar was down 0.1 percent versus the yen at 101.89 yen, having fallen to 101.39, its lowest since March 19. The dollar slipped against the Swiss franc to 0.8768 franc, its lowest in three weeks, as US two-year Treasury yields fell sharply. The greenback last traded at 0.8788 franc, down 0.1 percent.
The dollar index hit a three-week low of 79.421, well below a seven-week high of 80.599 set only last Friday. It last stood at 79.524, flat on the day. The euro was last at 9.0577 crowns, up 0.9 percent. Given the dollar's struggles, the euro also inched higher to $1.3867, up 0.1 percent.
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