It didn't take much
So there was a tinge of dovishness in the FOMC minutes. The worries about low inflation are getting a bit louder and that has turned a modest US dollar slump into a rout.
To be fair, the worries are legitimate. The Fed has hike a few times and could justify hitting the pause button after a December hike.
The move still seems overdone but you just can't argue with a chart line this:
