Investing.com - The dollar fell to a two-month low against other major currencies as concerns over future Federal Reserve rate hikes weighed on the dollar .
Trade volumes were expected to remain thin with U.S. markets open for only half a day on Friday after the Thanksgiving holiday on Thursday.
The greenback came under broad selling pressure after the minutes of the Fed's most recent meeting showed that some policy makers remain concerned over persistently low inflation. While investors have priced in a rate hike for December, concerns remain about the number of hikes in 2018.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.42% 92.65 by 11: 19 AM ET (4:49 PM GMT), the lowest since September 26.
Elsewhere, EUR/USD rose 0.72% to 1.1936, while GBP/USD inched up 0.26% to trade at 1.3342 and the yen remained lower with USD/JPY rallying 0.28% at 111.53.
German research institute lfo earlier reported that its Business Climate Index rose to 117.5 this month from a reading of 116.7 in October, beating forecasts for a drop to 116.6.
The Australian dollar dipped down, with AUD/USD falling 0.05% to 0.7620, while NZD/USD shed 0.09% to 0.6884.