The Dollar index rallied from pre-open lows of 95.10 to a one-week high of 95.54 in N.Y. trade on Wednesday. EUR-USD fell from 1.1547 to 1.1508 through the session. USD-JPY peaked at 112.47, coming from 112.02 lows. USD-CAD rallied over 1.3015 as oil prices tumbled. Cable meanwhile, steadied in the low 1.31’s. The FOMC minutes indicated the Fed would remain on a gradual tightening path, though some indicated a more restrictive path would be needed to stave off inflation and an overheated economy.
[EUR, USD]