The dollar index was last down 0.13% on the day at 98.20, with the euro up 0.09% at $1.1657, while yen firmed 0.32% against the dollar to 147.2

The dollar dropped on Wednesday after U.S. President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, but pared gains after minutes from the Fed’s latest meeting showed that only two policymakers supported an interest rate cut last month.

The market has voted with its pocketbook that it doesn’t like when the president interferes with the Federal Reserve, said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York.

This is just a thinly veiled attempt to get control of the Federal Reserve, because if Powell doesn’t step down as Governor when his chair ends, Trump’s only appointment is the Kugler seat that he gave to Miran temporarily, Chandler said.

The U.S. currency came off its lows after minutes from the Fed’s July 29-30 meeting showed that the two Fed policymakers who dissented against the U.S. central bank decision to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting.

The dollar index was last down 0.13% on the day at 98.20, with the euro up 0.09% at $1.1657.

Yen firmed 0.32% against the dollar to 147.2 per dollar.

The New Zealand dollar declined 1.12% to $0.5826, a four-month low, after the country’s central bank cut its policy rate by 25 bps to a three-year low of 3.00% and flagged further cuts in coming months as policymakers warned of domestic and global headwinds to growth.

The Swedish crown firmed 0.1% to 9.59 after Sweden’s central bank held its key interest rate at 2.00% as expected.

Sterling weakened 0.3% to $1.3449 after British inflation reached its highest in 18 months in July, but was not seen as swaying Bank of England policy.