The dollar hovered near an eight-week low against the euro on Friday, and was poised to close the week lower against its major rivals, following dovish minutes from the Federal Reserve's July FOMC meeting which revealed policymakers were in no hurry to hike rates.
Fed Chair Janet Yellen's speech at next week's meeting of global central bankers at Jackson Hole, Wyoming, will be extremely scrutinised for messages on whether the Fed will raise interest rates later rather than sooner, which could put the dollar under pressure.
The dollar index, fell around 1.4 percent for the week, though it rose 0.2 percent on Friday to 94.341. It has dropped as far as 94.077 on Thursday, its deepest level since June 23.
Fed policymakers agree that more economic data is needed before raising interest rates, although they were generally upbeat about the US economic outlook and labor market.
Data on Thursday showed the number of Americans filing for unemployment benefits dropped more than expected last week.
Despite continually improving labor conditions, market participants see the December meeting as the most probable time for a rate increase, following the US presidential election in November.
EUR/USD eased 0.25 percent to 1.1320, but still within sight of its overnight high of 1.1366, its highest peak since June 24. It was on track to gain 1.6 percent for the week.
The dollar climbed back from its hole against its Japanese counterpart, rising back above 100 to 100.24, though it was still down 1 percent for the week.
Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and was on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment.
