The dollar trended lower through the morning session in N.Y. on Wednesday, as July CPI was a touch cooler than forecasts. The greenback later got smacked hard following the FOMC minutes release. The dollar fell broadly after the FOMC minutes, as the committee signaled it wasn't yet ready to raise rates. While September is still on the table, the FX market appears to have discounted September lift-off to a degree. EUR-USD has topped out at 1.1118 so far, up from 1.1035 lows, while USD-JPY has fallen to 123.85 from near 124.25.
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