The US Dollar strengthened after the release of the FOMC minutes as the Fed signalled that a rate hike next month is still possible, if data remains consistent.
EUR/USD fell from 1.1290 to 1.1215 following the release of the minutes. It has bounced from there and traded in 1.1215-30 range overnight. Meanwhile, GBP/USD was more resilient and only declined from 1.4630 to 1.4580. The Pound has been bid since a poll yesterday showed that 55 % would vote for the UK to remain a member of the EU and 37 % for leaving. In Asia, the pair extended losses slightly, but only to 1.4670. Support is now seen at 1.4525.
USD/JPY is back above 110, although profit-taking flows have capped the topside at 110.30 and the pair fell back to 109.95 briefly. Bids are expected at 109.50 and 109.20, while offers lie at 110.50-60.
AUD/USD declined from 0.73 to 0.7230 post-FOMC and later extended losses to 0.7208. NZD/USD fell from 0.68 to 0.6735 immediately after the minutes release and later posted a low of 0.6725 in Asia.
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