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Positive Greenback Reaction Following Fed Minutes

DATA REACT
  • With the Fed discussing faster rate liftoff on inflation risk and the minutes of December meeting indicating some discussion of tapering MBS faster than Treasuries, the US dollar has reacted positively.
  • Greenback catching a bid following the release - with EURUSD falling roughly 30 pips to 1.1308 lows and USDJPY rising further back above the 116 mark to 1.1619 highs.
  • Price action settling over the last ten minutes with the dollar roughly 10 pips off its best levels following the 1900GMT/1400ET release.

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