Dollar loses steam ahead of Fed meeting minutes, US inflation test

© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoSINGAPORE - The dollar dipped broadly on Wednesday, tracking a slide in U.S. Treasury yields weighed down by dovish Federal Reserve comments, as traders looked to the central bank's policy meeting minutes out later in the day for clues on its interest rate outlook.

Atlanta Fed Bank President Raphael Bostic said on Tuesday the central bank did not need to raise borrowing costs any further, and Minneapolis Fed President Neel Kashkari followed with similar remarks later in the day. "The Fed is shifting away from further rate hikes, and its tightening bias too may be dropped by December," said Thierry Wizman, Macquarie's global FX and interest rates strategist.

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