The dollar erased gains against the euro to trade flat Wednesday after minutes of the Federal Reserve's January monetary policy meeting warned of more risks to the U.S. economic growth outlook.
The euro was flat at $1.4720 after dipping to a session low of $1.4615, according to Reuters data. Against the yen the dollar was up 0.3 percent at 108.17 yen, off its session high of 108.36.
Earlier, the dollar rose after a government report showedU.S. inflation climbed higher in January. That report cast doubt over expectations that the Fed would cut interest rates aggressively at their next policy meeting.