The dollar was broadly lower through the morning session, despite firmer yields and an uptick in risk appetite. There was no economic data to drive the market, though the greenback stabilized near session lows into the release of the FOMC minutes. The dollar attempted to move higher after the minutes, though quickly eased back, versus the yen in particular. The minutes revealed the majority of the committee saw downside risks to inflation, and GDP forecasts, which will likely rule out an April rate hike.
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