Singapore, August 19 (QNA) – The US dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs, with investors awaiting minutes of the Federal Reserve’s latest policy meeting for clues on the path of interest rates.

The euro inched higher to $1.1577, remaining close to the two-month high touched earlier this week.

Sterling pound was little changed at $1.3533, holding near a three-month high ‌ahead of British ⁠inflation data ⁠due later on Wednesday, which is widely expected to show persistent price pressure.

The Japanese yen was little changed ​at 159.56 per dollar, having given back much of its intervention gains, but it is still well ​off a multi-decade low of about 164 yen per dollar.

The dollar index, which measures the US currency against six major peers, was down marginally at 99.65.

The yield on the benchmark US 10-year Treasury note extended declines ​and was ​last at 4.702%, while that on the 30-year bond fell to ⁠5.282%.

Market participants now turn to the Federal Reserve’s release of minutes ​from the most recent meeting of its monetary policy-setting Federal ​Open Market Committee later in the day, looking for clues as to policymakers’ views on interest rates. (QNA)