The dollar has continued to strengthen in the wake of the latest batch of solid U.S. data, with CPI, housing, and industrial production, all surpassing median forecasts yesterday. Fedspeak also suggested that two or three rate hikes are still on the table for 2016. Markets are look to today's release of the FOMC minutes to the late-April Fed meeting for further clarity on the timing of the Fed's second rate hike of the cycle, which could be as soon as next month or July.
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