The dollar has been modestly offered since....>

FOREX: The dollar has been modestly offered since the Fed Minutes, which

investors, in general, deemed more dovish than expected. Asian participants

carried on with that theme which saw the dollar post fresh lows against many of

its peers. Euro-dollar trekked higher from $1.1858 to $1.1876, the rally

stopping just shy of decent resistance at $1.1881 (50% Fib $1.2092 to $1.1670

decline). Euro was last at $1.1873. Cable climbed from $1.3220 to $1.3250, stops

were then triggered which saw the Pound extend to move to a fresh high of

$1.3265 and was last at $1.3253. Aussie-dollar rose from $0.7787 to $0.7813 and

currently remains bid at $0.7812. Meanwhile, Dollar-yen consolidated between

Y112.32 and Y112.52, the pair held hostage to large option expiries for today.

Dollar-yen was last at Y112.42.