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FOREX: Markets grind to a halt ahead of the FOMC minutes (1800GMT) with the USD
continuing to show minor losses across the board. Analysts at Deutsche believe
that discussion regarding trade developments and the flattening yield curve will
be of note given recent comment by Fed officials.
- Nomura expect the minutes to provide additional insight into the Committee's
deliberation on longer-term monetary policy questions as well as the potential
downside economic risks arising from US trade protectionism.
- TD looks for an optimistic tone on balance, in line with the upbeat economic
outlook from the policy statement.