The euro rose to a 2½ week high against the dollar Thursday after minutes from the Federal Reserve’s September meeting revealed that policy makers see inflation remaining stubbornly low for the foreseeable future.The euro EURUSD, -0.0443% rose to $1.1328 after the data, its highest level since Sept. 21, according to FactSet data.
But the shared currency soon pared its gains, trading at $1.1272 late Thursday in New York, up 0.3% from $1.1237 late Wednesday.
The dollar USDJPY, -0.04% finished Thursday’s session little-changed at ¥119.93.
The above currencies, as well as their emerging-market peers, have rebounded against the dollar over the past two weeks after recording massive declines since the beginning of the year.
The ICE U.S. Dollar index DXY, +0.01% a measure of the dollar’s strength against a basket of six currencies, was down 0.2% to 95.3250.
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