The dollar has retained demand in the wake of the FOMC minutes, the bottom line from which was that there is no immediate plan to take unconventional stimulus measures in monetary policy. The narrow trade-weighted USD index edged out a three-day peak at 93.09, extending the rebound that was sparked by the minutes and from the 27-month low that was pegged on Wednesday at 92.13. EUR-USD has remained heavy, coming within 1 pip of yesterday’s post-minutes three-day low at 1.1830, while Cable printed a six-day low at 1.3068.
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