The dollar is weaker on the FOMC minutes from the July meeting, which revealed a slightly more expansive discussion on Chinese risks, and some policymaker fears that policy divergence would boost the dollar and in turn limit inflation and net exports. EUR-USD extended to a six-day peak at 1.1148 during Asian trade, subsequently drifting back to the 1.1120 area but still well up on pre-FOMC minutes levels around 1.1060. USD-JPY dove to a three-week low of 123.69 in late U.S. trade yesterday, since recouping the 124.00 level during Tokyo hours.
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