Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.
More Quotes from Robert Rennie:The dollar does feel as if it's gone a very long way against the euro and in a very short time.
The yen is weakening so much versus other currencies. The pace of decline of the yen is causing stress and strain within Asia, where central banks may be showing some concern.
Base metals are up suggesting there are good prospects for global growth. The risk of higher inflation from higher oil prices is pushing up gold.
Underlying interest rates still remain very supportive for the U.S. dollar.
There's two things you know about the weather One, you can't stop it and two, you can't predict it. I wouldn't want to be heavily involved in foreign- exchange markets in next 24 hours.
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