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USD Index Rises To Session Highs Ahead Of FOMC Minutes

USD
  • The USD index stands in modest positive territory on Wednesday as we approach the APAC crossover amid a turn lower for crude futures and a downtick for equity indices. Price action has weighed the most on Antipodean currencies with both AUD and NZD sliding around 0.65% on the session.
  • Higher front-end yields in the US have supported the dollar, also placing some renewed pressure on the Japanese Yen, with USDJPY grinding back above the 149.00 handle to settle around 149.30.
  • FOMC Meeting minutes release at the top of the hour, followed later this afternoon by Boston Fed Collins speaking at Wellesley College at 1630ET.

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