ECB Minutes hit EUR – ECB concerned about strong EUR, according to the minutes of the last meeting, which repeated that officials felt that there is no conclusive evidence of higher inflation trends yet. ECB minutes stress need for caution with regard not just to changes in communication, but also the timing of the next announcement. Meanwhile, the dollar showed little reaction to the early release of US data, where the headline came in under consensus forecasts. EURUSD spikes under 1.1700 , while USDJPY stuck near N.Y. session highs of 110.25.
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