Investors shifted their focus away from hawkish remarks on interest rates by Fed officials and towards Friday's Jackson Hole meeting.
The dollar rose after comments from Fed Vice Chairman Stanley Fischer prompted bets on an interest rate hike.
Foreigners may be avoiding China's stock market in droves, but it offers opportunities, said Julius Baer's head of research for Asia, Mark Matthews.
China plans to open its Shenzhen stock market for foreign investors, but it wasn't clear it would see more traffic than Shanghai's lackluster one.
The dollar was weighed down by investors' lack of belief in the chances of a rise in U.S. interest rates this year.
The dollar fell to a seven-week low against a basket of major currencies on Thursday.
Moody's Investors Service raised its forecasts for China's economic growth in the wake of "significant" fiscal and monetary stimulus policies.
China home price growth sped up in July, but it may not be able to keep up the pace.
After the release of the minutes, the U.S. dollar hit a session low against the yen while the euro touched a session high against the dollar.
The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June.
CNBC's Rick Santelli speaks with Andy Rothman, Matthews Asia Investment Strategist, about the Chinese economy and how investors should view the country.
China has a "significant problem" from its gigantic debt load, and its reform options may worsen it, said the ex-chief of the IMF's China division.
The dollar was softer, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike.
The dollar held lower at the end of a week dominated by flows into higher-risk currency plays like the Australian and Canadian dollars.
The murky balance sheets of China's banks have long spurred fears of an impending crisis, but the clean-up may already be proceeding apace, UBS said.
The FX market will likely trade in a range until September, awaiting announcements from the BOJ and the Fed, says ABN AMRO Bank's Roy Teo.
China's July industrial production came in a tad below forecasts, growing 6.0 percent on-year, in another sign the mainland's economy is slowing.
The New Zealand dollar surged after its central bank made a smaller interest rate cut than some had expected.
Frederic Neumann, MD & co-head of Asian economics research at HSBC, talks about dollar-yuan trade and says the yuan may weaken if the Fed hikes rates.
Capital Link Intl's Brett McGonegal says Chinese equities offer more value at current levels, while he is skeptical about U.S. earnings growth.