The dollar rose after comments from Fed Vice Chairman Stanley Fischer prompted bets on an interest rate hike.
The dollar was weighed down by investors' lack of belief in the chances of a rise in U.S. interest rates this year.
Steven Saywell, global head of FX Strategy for BNP Paribas, weighs in on the possibility of a near-term Fed rate hike and its effect on the dollar.
The dollar fell to a seven-week low against a basket of major currencies on Thursday.
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.
New Zealand's interest rate differential compared with the rest of the world makes Kiwi bonds attractive, notes Jeremy Sullivan of Hamilton Hindin Greene.
The dollar was softer, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike.
The AUD/USD pair is likely to trade in a tight range and hover towards $0.76, says Maybank's Saktiandi Supaat.
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 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.
Back in March, the Fed did say it could not tighten if the greenback strengthens too much, says Nordea Markets' Jesper Bargmann.
The New Zealand dollar surged after its central bank made a smaller interest rate cut than some had expected.
The price action in the NZD/USD suggest that RBNZ did not sufficiently meet the market's dovish expectations, says Citi's Todd Elmer.
The RBNZ needed to consider how much lower can it cut record-low cash rates in order to derive a weaker kiwi, says UOB's Alvin Liew.
The RBNZ has to balance both the growing housing bubble and the dairy sector, which is under pressure, explains UBS' Wayne Gordon.
There has been a revival of U.S. oil production which has again fueled fears of an over-supply, says Jefferies's Sean Darby.
The kiwi strengthening against the dollar is partly due to speculation of a deeper rate cut by the RBNZ, explains ASB Bank's Nick Tuffley.
HSBC's Paul Bloxham says the RBNZ cut rates because inflation is still well below target, even though New Zealand's growth story is still quite good.
The U.S. dollar fell broadly on Wednesday as U.S. Treasury yields fell and investors waited on a speech by Fed Chair Janet Yellen.