The dollar eased through much of Wednesday's N.Y. session, as positions were pared down into the release of the FOMC minutes. USD bears however, got the short end of the stick following the minutes, as the greenback rallied broadly. The release revealed the committee was open to the possibility of a June rate hike, and would try to reshape market expectations for a June hike, noting that market expectations for a June hike were "unduly low." EUR-USD fell from session highs of 1.1293 to 1.1224 lows, just above the April 222 bottom of 1.1219.
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