NY Open: Watching paint dry
Traders are on tenterhooks ahead of the release of the latest FOMC meeting minutes later today. They shouldn't bother. Fed board members have repeatedly flown the dovish flag in recent days, so why expect surprises?
Head of FX Strategy
Summary: The dollar appears poised on a precipice as risk sentiment in emerging market assets rebounds. We look to EURUSD and NZDUSD as potential bellwether pairs for the dollar.