SINGAPORE, Feb 23 Reuters The dollar ceded some ground on Thursday as markets warmed up to the idea the Federal Reserve is likely to stay on its aggressive ratehike path, after minutes from its last policy meeting reinforced the central bank39;s hawkish rhetoric.

Nearly all Fed policymakers favoured a scale down in the pace of interest rate hikes at the U.S. central bank39;s last policy meeting, minutes from the Jan. 31Feb. 1 FOMC meeting showed on Wednesday.

However, they also indicated curbing unacceptably high inflation would be the key factor in how much further rates need to rise.

The dollar retreated from its multiweek highs against some of its major peers in Asia trade, after a broad gain in the previous session, following the release of the minutes.

The euro rose 0.13 to 1.0618, away from its roughly sevenweek trough of 1.0598 hit in the previous session.

The Aussie gained 0.26 to 0.6823, having similarly slid to a near sevenweek low of 0.6795 on Wednesday, further pressured by a miss in forecasts for Australian wage growth last quarter.

Trading was thinned on Thursday with markets in Japan closed for a holiday.

Many central banks around the world … are trying to put an emphasis in their determination to combat inflation expectations, said Christopher Wong, a currency strategist at OCBC.

The higherforlonger thematic may continue to undermine sentiment.

Elsewhere, sterling gained 0.07 to 1.2053 after a 0.6 slide in the previous session, while the New…