Minutes from the latest FOMC meeting has just been released. The publication was perceived as hawkish but initially did not triggered any major moves on the markets. As a result Wall Street indices retreated, while USD strengthened slightly.
Markets were curious how many policymakers believe it was necessary to raise rates by more than 25 bp. Investors were also hoping that today's minutes would provide some guidance on rate hikes. Document showed that a few participants favored raising rates by 50 basis points and all agreed that further rates are neccesary.
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The market reaction to today's FOMC Minutes is negligible. The pair continues to trade above 1.0600 level. Source: xStation5
