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Most Asian currencies moved little on Wednesday, while the dollar retreated further as markets awaited more cues on monetary policy from key inflation data and the minutes of the Federal Reserve’s March meeting due later in the day.

A warning on a potential recession from Minneapolis Fed President Neel Kashkari also kept sentiment subdued, although he also warned that higher inflation was likely to be worse for the jobs market.

The dollar took little support from Kashkari’s comments, with the dollar index and dollar index futures both down about 0.2%. But futures were trading at a lower level than the index, indicating that investors are likely positioning for more weakness in the greenback.