Dollar weakens

SINGAPORE: The dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve´s latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks.
The dollar eased to as low as 111.07 yen in holiday-thinned Asian trade, its weakest level since Sept. 18, and last fetched 111.22 yen, little changed from late U.S. trade on Wednesday.
Trading conditions are likely to be thinner than usual on Thursday, with Japanese financial markets shut for a public holiday and U.S. markets closed for the Thanksgiving holiday. The greenback nursed its losses after sliding nearly 1.1 percent against the yen on Wednesday, its biggest one-day drop since mid-May.
The minutes of the Fed´s Oct. 31-Nov. 1 policy meeting showed that Fed policymakers expect that interest rates will have to be raised in the "near term", reinforcing market expectations for the Fed to raise interest rates in December.
The minutes, however, also highlighted concern among some of the members over the inflation outlook, with the emphasis placed on economic data in determining the timing of future rate rises.