US FOMC Minutes triggered a dollar kneejerk across the board, as the Committee said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist; rally was however short lived, as risk aversion took over markets: stocks sunk after the news, with DJIA and S&P down over 1.4%. The EUR/USD enters Asian session pretty much where it was with US opening: struggling around the 38.2% retracement of the 1.2040/1.3170 daily run at 1.2740. In the hourly chart, a slightly positive tone persists, as the pair stands right above a short term ascendant trend line that along with ... (full story)