TOKYO : The dollar index held around 2-1/2-month lows after minutes of the Federal Reserve’s last meeting did little to dislodge market expectations that its monetary tightening cycle was over. The Fed minutes showed the central bank would proceed “carefully” and that “all participants judged it appropriate to maintain” the current rate setting. Fed officials agreed they would only raise interest rates if progress in controlling inflation faltered, reiterating recent comments by policymakers that left the door open for more tightening even as markets have moved to price in cuts from early next year. “The release of the FOMC November minute did little to sway the opinion that the Fed have reached their terminal rate,” said Matt Simpson, senior market…
