The dollar was roughly flat in choppy trading on Thursday after the release of the latest Federal Reserve minutes.
, released on Wednesday, showed policymakers remain focused on curbing inflation and do not envisage interest rate cuts in 2023.
Fed officials projected in December that the main interest rate, currently in the 4.25%-4.50% range, would rise to just over 5% in 2023 and likely remain there for some time. It has fallen sharply from September's 20-year high of 114.78 as investors have bet that a slowdown in growth and inflation will push the Fed to cut interest rates next year.
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