In the FX market, the dollar index came off the previous session high as its peers gained. Perhaps, the FOMC minutes to be released will help the greenback rebound. EUR/USD rebounded from the previous session low of 1.2511, supported by rising bond yields, which was caused by comments from the ECB’s Knot.USD/JPY’s rally showed no signs of fading, with the pair hitting a fresh 7-year high of 117.65. Some analysts expect the pair to hit 120 over the next few days.The hawkish element of the BOE minutes encouraged sterling bulls to push GBP/USD to today’s high of 1.5700. EUR/GBP fell to 0.7988, which was still higher than yesterday’s low of 0.7960. Elsewhere, EUR/CHF fell to 1.2004 in the previous session but slightly rebounded later to trade above 1.2010.
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