Dollar higher on Fed minutes, rising inflation

London

THE dollar inched up to a 10-day high on Thursday after minutes from the US Federal Reserve's January meeting showed policymakers confident in rising inflation, while the euro was left unmoved by its own central bank's policy minutes.

European Central Bank (ECB) policymakers meeting last month felt it was too early to change their communication stance to signal a normalisation of policy, even if confidence was growing that inflation would finally rise back to target, minutes showed on Thursday.