* Fed minutes offer no new catalysts to lift greenback
    * Higher U.S. stocks sap demand for dollar as a haven
    * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

    By Kevin Buckland
    TOKYO, April 8 (Reuters) - The U.S. dollar traded near more
than two-week troughs versus major peers on Thursday, tracking
Treasury yields lower, after minutes of the Federal Reserve's
March policy meeting offered no new catalysts to dictate market
direction. 
    Fed officials remained cautious about the risks of the
pandemic - even as the U.S. recovery gathered steam amid massive
 stimulus - and committed to pouring on monetary policy support
until a rebound was more secure, the minutes showed Wednesday.
 urn:newsml:reuters.com:*:nL1N2M01WM
    Fed Chair Jerome Powell will speak at a virtual
International Monetary Fund conference later on Thursday.
    The dollar index  =USD  which measures the greenback against
a basket of six currencies, edged lower to 92.371 in the Asian
session, after dipping to as low as 92.134 on Wednesday for the
first time since March 23.
    The gauge rallied to an almost five-month high of 93.439 at
the end of last month as the U.S. pandemic recovery outpaced
most other developed nations, particularly Europe.
    "Hard to argue that the U.S. macro outperformance trade is
exhausted; the strong vaccine drive, reopening and stimulus set
to produce some exceptionally strong rebound data in the next
several months," Westpac strategists wrote in a report,
forecasting a run at 94.5 for the dollar index, also known as
DXY.
    "Admittedly though, the next DXY upleg may take a few weeks
before it develops momentum - a lot of good news is priced in." 
    The benchmark 10-year Treasury yield  US10YT=RR  was around
1.67% on Thursday, after dipping below 1.63% overnight. It hit a
more than one-year top of 1.776% late last month.
    The S&P 500  .SPX  eked out a modest gain on Wednesday,
moving mainly sideways since surging to a record high to start
the week.
    The chief currency strategist at Citigroup Global Markets
Japan, Osamu Takashima, said that the market's direction is
difficult to call, but expects the next move for the greenback
to be lower.
    "Current market sentiment is mild risk-on, and under such
circumstances the dollar will weaken gradually - but no big
moves," he said.
    The retreat in U.S. yields has also removed a driver for
dollar gains, he added.
    The dollar weakened slightly to 109.66 yen  JPY= ,
consolidating after its retreat from a more than one-year high
of 110.97 reached on March 31.
    The euro  EUR=  was almost unchanged from Wednesday at
$1.18715, after rebounding from the almost five-month low of
$1.1704 touched on March 31.
    "The vaccination progress in the Eurozone is significantly
lagging that of the U.S., and coronavirus infection rates in the
Eurozone are on the rise again," Commonwealth Bank of Australia
strategist Joseph Capurso wrote in a client note.
    "As such, EUR/USD is vulnerable to a move lower towards
1.1700 in the near-term."
    
    ========================================================
    Currency bid prices at 518 GMT
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar       EUR=EBS    $1.1874        $1.1873     +0.02%         -2.81%      +1.1876     +1.1861
 Dollar/Yen        JPY=D3     109.6750       109.7750    -0.09%         +6.18%      +109.8950   +109.6750
 Euro/Yen          EURJPY=    130.23         130.37      -0.11%         +2.61%      +130.4700   +130.1600
 Dollar/Swiss      CHF=EBS    0.9291         0.9297      -0.04%         +5.04%      +0.9302     +0.9293
 Sterling/Dollar   GBP=D3     1.3760         1.3740      +0.15%         +0.72%      +1.3767     +1.3734
 Dollar/Canadian   CAD=D3     1.2603         1.2607      -0.03%         -1.02%      +1.2627     +1.2603
 Aussie/Dollar     AUD=D3     0.7633         0.7612      +0.25%         -0.80%      +0.7635     +0.7603
 NZ                NZD=D3     0.7028         0.7014      +0.20%         -2.13%      +0.7030     +0.7005
 Dollar/Dollar                                                                                  
                                                                                                
    
All spots  FX= 
Tokyo spots  AFX= 
Europe spots  EFX=  
Volatilities  FXVOL=  
Tokyo Forex market info from BOJ  TKYFX 

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World FX rates    https://tmsnrt.rs/2RBWI5E
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 (Reporting by Kevin Buckland; Editing by Stephen Coates and Kim
Coghill)
 ((Kevin.Buckland@thomsonreuters.com;))