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USD review

Quotes from RBC Capital Markets:

-USD: The full sentence from the FOMC Minutes that caught all the attention was: "Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalization had inclined them toward keeping the federal funds rate at its effective lower bound for a longer time.

-" Our US strategists highlight two key points from these minutes: 1) that after a generally hawkish FOMC Statement, the dovish slant is surprising; 2) the discussion around the "patient" phrase was also quite puzzling in that it suggested the FOMC did not want the market to narrow down timing of a hike to a small range of dates.

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