Dollar Mixed Ahead of Data, FOMC Minutes

The US dollar trades mixed against major rivals Wednesday after yesterday's comments from Bernanke and Yellen from the Fed signaled the bank will maintain its ultra-loose policy for a while.

The EUR/USD was rejected from a high of 1.3576 and slid to the 1.3515 zone during the European session amid Weidmann comments. The GBP/USD rose to a fresh 3-week peak of 1.6161 after BoE minutes showed the MPC voted unanimously to keep policy unchanged. The USD/JPY dropped back below 100.00 and slipped to the 99.80 zone. Meanwhile, the AUD/USD failed to hold above 0.9400 and retraced some of yesterday's gains.

                                          Janet Yellen ,Vice Chair of the Board of Governors of the Federal Reserve System

                                          Ben Bernanke, chairman of the Federal Reserve


During the New York session watch for US retail sales, CPI, existing home sales, business inventories and of course the FOMC minutes due at 19:00GMT.

Source: http://www.fxstreet.com