The dollar was relatively steady through the N.Y. morning session, though lost ground following the release of the FOMC minutes, which highlighted the Fed's concern with the lack of inflation, apparently causing some in the FX market to dial back rate hike frequency, for the time being at least. EUR-USD popped to near 1.0799 session highs from just over 1.0745, as USD-JPY fell from 118.70 to 118.40. Earlier in the day, USD-CAD ran up to new 12-year highs of 1.4108, as oil prices slid under the $34/bbl mark, making nearly seven-year lows in the process.
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