LONDONSINGAPORE, Jan 5 Reuters The dollar was roughly flat in choppy trading on Thursday after the release of the latest Federal Reserve minutes.

Details of the discussion from the central bank39;s December policy meeting, released on Wednesday, showed policymakers remain focused on curbing inflation and do not envisage interest rate cuts in 2023.

Analysts said the minutes were broadly in line with expectations, explaining the relatively muted reaction in markets.

The euro was last up 0.13 against the dollar at 1.062. It rose 0.54 on Wednesday after French inflation came in lower than expected, boosting optimism about the euro zone economy.

The dollar index , which measures the currency against major peers, was last flat at 104.2 on Thursday, after rising earlier in the session.

It was well below September39;s 20year high of 114.78, but above the sixmonth low of 103.38 touched in late December.

The dollar surged in 2022 as the Fed hiked interest rates aggressively, luring investors towards higheryielding U.S. assets.

Fed officials in December projected that its main interest rate, currently in the 4.254.50 range, would rise to just over 5 in 2023 and likely remain there for some time.

The minutes reiterated the hawkish message on Wednesday, saying that no participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023.

Yet the market doubts that the Fed will not lower rates as economic growth slows, partly explaining…