2017.08.1602:14:00UTC+00Dollar Steady after Solid US Retail Sales Data

The dollar was steady on Wednesday, holding onto most of the gains it made following U.S. retail sales data which bolstered the likelihood of another Federal Reserve interest rate increase in 2017.

Minutes from the Fed's July meeting will be released today, and markets will pay attention to clues on the pace of rate hikes and whether the U.S. central bank will likely announce a cut in its balance sheet at its September meeting.

The dollar index was little changed on the day at 93.835, well above its 15-month low of 92.548 notched earlier this month.

Easing fears of tensions between the United States and North Korea also caused investors to buy back riskier assets they sold the previous week, as rhetoric between the two nations heightened.

The greenback was marginally lower against the Japanese currency at 110.65 yen, but still above the four-month low of 108.72 notched on Friday after unsatisfactory cool consumer inflation data.

The euro was stable at $1.1740, after slipping as low as $1.1687 overnight, its weakest since late in July.