Dollar struggles in Asia on Fed rate hike uncertainty

Hong Kong

THE dollar struggled on Thursday in Asia following the previous day's losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes.

While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a surprise drop in key durable goods orders, fuelling a sell-off in the greenback across the board.