The dollar index now sits above 90.00 in.....>

DOLLAR: The dollar index now sits above 90.00 in the wake of the latest FOMC

meeting minutes, following the initial leg lower in the immediate aftermath of

the release.

- It would seem that many Fedwatchers are of the view that the FOMC is edging

towards a consensus view of 4 2018 hikes, although it is not quite at the stage

where it is ready to disseminate this as of yet, although the Fed is seemingly

becoming increasingly optimistic over the US economy in the short term.

- A raft of 2018 voters are packed in to the next 2 days, with Governor Quarles

due up in Asian hours as well as non-voter & dove Kashkari. Participants keenly

await Friday's release of the Monetary Policy Report from Chair Powell. 

- Looking to technical the DXY's close above the 55-DMA (89.587) eased bearish

pressure with above 91.751 needed to shift initial focus to 92.640 and overall

focus to 94.219-95.149. Initial support is noted at 89.442 with bears needing a

close below to signal a false break of the 55-DMA and return focus to 87.202-627

where the weekly bear channel base and Dec 2014 monthly low are situated. Weekly

studies are currently correcting from O/S.