FOMC Minutes inflation outlook..........>

EURO-DOLLAR: FOMC Minutes inflation outlook provided the Usd with a boost

Wednesday, took rate down to $1.2347 but buyers were quick to take advantage of

the dip and edged it back to $1.2371 into the close. Early Asia continued the

recovery to $1.2380 but failed to approach close to yesterday's high of $1.2396.

Rate drifted lower, eased to $1.2355 into Europe, though was seen meeting

willing buyers into this fresh dip. A few traders spoken to have suggested that

rate could be close to a top at and around $1.2400, with reports of sell

interest in this area reported by Asian dealers. Focus will be on today's

release of ECB Minutes(1130GMT) and any discussions on the ending of QE and the

prospect of rate hikes next year, suggested earlier in the week by ECB Nowotny.

US weekly jobless claims at 1230GMT and Fed Kashkari at 2100GMT provides focus

into the NY session. 

- Support $1.2355/45(option expiries between $1.2343-47 amount to E1.2bn),

$1.2320. Resistance into $1.2400, more between $1.2415/25.