XE Market Analysis: Japanese Yen Rises After Hawkish FOMC Minutes

OVERVIEW

  • USD struggles to hold onto overnight gains following FOMC minutes.
  • EUR broadly higher despite weaker Ifo and slightly dovish ECB minutes.
  • GBP is mixed with economic growth data revised down.
  • CAD weaker after retail sales decline.
  • MXN rises as CPI cools, easing pressure on incomes. 

HIGHLIGHT