The U.S. dollar was trading slightly weaker in narrow ranges versus the euro and the yen in afternoon Asian trade on Wednesday ahead of the release of the minutes from last month's Federal Open Market Committee meeting that may highlight worries about growth and inflation in the United States. 'The general tone of the April FOMC minutes is likely to underscore the still sluggish growth environment, elevated inflation uncertainties and the tentative improvements in financial markets through the end of April.
April 29 to 30 FOMC meeting will be released tonight in Washington.
Last month, the FOMC slashed its key rate by 25 basis points, the smallest reduction this year, to 2 percent and hinted at plans to maintain it at this level for a while.
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