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The USD remains defensive in early NY with...>

DOLLAR
DOLLAR: The USD remains defensive in early NY with EUR, GBP, CAD, NZD & AUD
registering modest gains. EUR supported by yesterday's ECB source story
consolidates above $1.1700, the level also holds large $2.28bn optional-expiry
interest for today's NY cut. GBPUSD last at $1.3262, off earlier traded highs of
$1.3275. AUDUSD flirts with $0.7400, NZDUSD fell short of $0.6800 and USDCAD
last C$1.3120/25. Main focus turns to the FOMC minutes at 1800GMT for direction
and given the tone adopted by Powell at the last meeting, can he be anymore
hawkish? 

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