Dollar dips on dovish Fed policy meeting minutes

The dollar took a dive on Wednesday after the minutes from the Federal Reserve's March policy meeting revealed monetary authorities unanimously voted to scrap a threshold that would have triggered interest-rate hikes.
The Federal Reserve Board of Governors unanimously voted to scrap a threshold at which interest rates would rise once the unemployment rate hits 6.5%, according to the minutes of the Fed's March policy meeting.
In the past, the Fed had indicated rates could rise when the unemployment rate hits or approaches 6.5% provided that figure accompanied a 2.5% inflation rate.
The dollar dropped on the news, as Fed Chair Janet Yellen stating that policy must remain accommodative for some time to come.