EUR/USD slumped to fresh New York lows around 1.4920 shortly after the 16:00 GMT fixing but traders report volumes were very light. This suggests an even thinner whippier afternoon ahead.

FOMC minutes are the afternoon highlight with some focus expected to be paid to the tone of the debate within the FOMC as markets look for a “rift” between the committee’s hawks and doves.

EUR/USD has slumped better than 61.8% of its 1.4888/1.4988 rally on this latest pullback. The fibo is at 1.4926.