Dollar driven back to multi-month low by risk appetite bounce

The dollar retreated on Thursday, hovering near a multi-month low as a risk-on rally drew investors away from the safe-haven currency, reversing Wednesday's bounce. That bounce was prompted by the minutes from the U.S. Federal Reserve's most recent monetary policy meeting, in which several policymakers said discussions on tapering of government bond purchases would be appropriate "at some point" should economic recovery continue to gather steam. read more.