The dollar is taking a break this Thursday. The currency was weak as traders assessed the outlook for U.S. interest rates following comments from Fed officials

In recent weeks, the dollar has risen in recent weeks as a series of solid U.S. economic data and persistent inflation have dashed expectations of short-term rate cuts. The dollar index, which measures the U.S. currency against six of its peers, last settled at 105.97, down from the five-and-a-half-month high of 106.51 reached on Tuesday as traders consolidated their positions. The Australian dollar was little changed at $0.6439, while the New Zealand dollar relaxed slightly to $0.5914 after climbing 0.6%