• "Many Fed officials inclined to stay at zero longer" is the main headline that caught the market's attention from the FOMC Minutes.
• While the full context of that phrase is a bit softer (see USD), our US strategists point out, the overall impact of such a statement is the market calling into question the prospect of a June hike. 
• The surprisingly dovish message drove a strong bid into US bonds and saw USD selloff. Oil also added to its already negative return for the session, dragging CAD alongside.