The dollar fell to a six-week low after the Federal Reserve released the minutes from their September meeting, the Wall Street Journal reported.
"The Wall Street Journal Dollar Index, which gauges the buck against a basket of 16 currencies, was recently down 0.6% to 87.38, the lowest level since August 24," the article states.
The Federal Open Market Committee released the minutes from its September 16-17 meeting Thursday and revealed a detailed explanation as to why the Fed didn’t raise interest rates—concerns over inflation and global economic growth.
Many investors are starting to believe the Fed is unlikely to see a rate hike in the coming months despite Fed Chairwoman Janet Yellen signaling earlier this year that it would raise interest rates by the end of 2015.
"Fed-funds futures, used by investors and traders to place bets on central-bank policy, showed on Thursday a 6% likelihood of a rate increase during the Fed’s Oct. 27-28 policy meeting," the article states.