Fed softness knocks dollar, fails to lift Greece-focused European shares

A softer stance from the Federal Reserves knocked the dollar down on Thursday but failed to lift stock markets in Europe, where the looming deadline for Greece to get a new debt deal kept investors nervous. In contrast, Japan's shares hit a 15-year high as the minutes from the Fed's meeting in January showed officials were concerned about hiking interest rates too soon.

Export data also showed the weaker yen was helping the economy. Investors revised their expectations for the timing of a first Fed hike and the trajectory.

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