XE Market Analysis: Europe – Oct 12, 2017

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The dollar has continued to track lower, this time following the release of the minutes to the September FOMC meeting. While overall maintaining expectations for a 25 bp hike in the funds rate, the minutes weakened the conviction for this a tad, with some policymakers expressing concern that low inflation was not “transitory.” The narrow trade-weighted USD index has seen a low of 92.64, which is the lowest level seen since September 26. EUR-USD lifted for a fifth consecutive session, logging a 17-day peak of 1.1880.