The dollar was broadly higher on Thursday, after the release of minutes from the Federal Reserve’s latest policy meeting cemented market expectations for a rate hike this month.

In Asia, the yen hovered near the key 145 per dollar level that spurred intervention by Japanese authorities last September, while a faltering economic recovery in China continued to put downward pressure on the yuan.

Against the dollar, the euro touched a near one-week low of $1.0843 in early Asia trade, while sterling dipped 0.08% to $1.26925.

The dollar index rose 0.04 % to 103.38. The yen rose more than 0.2% to 144.30 per dollar, the Australian dollar slipped 0.04% to $0.6651, and he Chinese yuan last bought 7.2593 per dollar in the offshore market.

Source: Qatar News Agency