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Greenback Unchanged After Mini Spin Cycle Post Minutes Release

USD
  • An initial blip higher for the USD was quickly sold into following the release of the FOMC minutes. The greenback then came under some moderate pressure however G10 FX is trading little changed from levels prior to the release.
  • EURUSD briefly printed a low of 1.0614, within one pip of last Friday’s lows before bouncing around 20 pips to 1.0634.
  • Seeing some weakness for NZDUSD in recent trade as RBNZ’s Orr makes comments following the central bank’s decision overnight. The January lows at 0.6191 are the first key technical point in focus on the downside.
  • RBNZ'S ORR: EARLY SIGNS THAT INFLATION IS ABATING (BBG)
  • ORR: BUT CORE INFLATION IS TOO HIGH, EXPECTATIONS ELEVATED (BBG)

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