2017.05.2322:55:00UTC+00Dollar Steady After Rebounding from Multi-Month Lows, Fed Eyed

The dollar was steady early on Wednesday, as it rebounded from 6-½ month lows against major currencies due to a rise in U.S. Treasury yields, with investor focus currently on the Federal Reserve's monetary policy stance.

The dollar index versus a basket of six peers was stable at 97.336 after jumping 0.4 percent the day earlier.

It managed to retreat from the 96.797 level plunged on Monday, its weakest since Nov. 9, when concerns on U.S. politics derived from the Trump election campaign's suspected association with Russia which hurt the greenback.

The dollar rose 0.15 percent at 111.945 yen, its highest in a week. The euro was flat at $1.1179, brushing away from a 6-½ month peak of $1.1268 touched the day earlier.

The greenback managed to stop the fall versus the euro, which benefited from factors like French political concerns subsiding, strong euro zone data and the expanding German-U.S. government debt yield spread.

Market focus is on the minutes of the Fed's latest policy-setting meeting. The market sees the Fed to raise interest rates in June at the same time dollar bulls are expected to embrace any hawkish signals from the central bank.