July 9 2014

In the trading room today: Will the Fed Minutes Renew the USD Pressure? With the Federal Open Markets Committee meeting minutes on the horizon, we take a close look at the USD and examine how a dovish Fed outlook and reduced odds of a rate hike anytime soon could renew the pressure on the greenback, we analyze the latest developments in the EUR/USD currency pair, we continue to monitor the price correction in the GBP/USD pair, we note the strengthening of the USD vs JPY, we highlight the market’s reaction to the U.K. Industrial Production and House Price Index, we discuss new forecasts from Citigroup and Goldman Sachs, and prepare for the trading session ahead.