Dollar Slips From Near 3-month Highs as Traders Gauge Rate Outlook

A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, Japan, on Feb. 28, 2013. Shohei Miyano/Reuters

LONDON/SINGAPORE—The dollar fell slightly on Thursday from near three-month highs, a day after a surprise rate hike from the Bank of Canada suggested the Federal Reserve may also have more work to do to combat inflation.

The euro was last up 0.3 percent at $1.073 against the dollar—the most traded currency pair in global markets.