The common currency continues to defy gravity in Asia, as the ECB December meeting minutes released yesterday called for a gradual adjustment in the forward guidance to better reflect the improved growth prospects. The EUR/USD pair rose to a 7-day high of 1.2066 in Asia and looks set to extend the gains to 1.21 levels. Kathy Lien from BK Asset Management the governing council has grown less dovish since their decision to cut bond purchases in October. Lien writes, " According to the "minutes" from their December meeting, the central bank saw "some comfort" in wage dynamics but low inflation remains a concern. Most ... (full story)