[MARKET ANALYSIS] DXY fades some of its gains after benefitting yesterday alongside bond market volatility, while FOMC Minutes proved to be uneventful

DXY: -0.1% Faded some of its recent gains after having benefitted yesterday alongside further bond volatility, while there was little in the way of fresh FX-moving catalysts overnight and the FOMC Minutes release was uneventful, in which it noted that all participants supported the 25bps hike in September and most assessed another increase would likely be appropriate by the end of the year. EUR/USD: +0.1% Gradually rebounded from the prior day's trough and just about reclaimed the 1.1200 status after suffering the previous day as French fiscal woes continued to drag on the single currency's performance. GBP/USD: +0.1% Attempts to nurse some losses after sliding yesterday, albeit with the recovery limited alongside the mostly risk-off environment and as catalysts for the UK remain light, while several BoE speakers are scheduled today. USD/JPY: Flat Price action is choppy with the pair continuing to oscillate around the 158.00 level in the absence of any tier-1 data and after recent fluctuations in global yields. Antipodeans: AUD/USD +0.1% / NZD/USD +0.1% Eked mild gains amid a rebound in commodity prices but with upside capped by the mostly negative sentiment.