USD struggles near 3-1/2 month lows, US data & FOMC minutes eyed

   •  Finds some support near mid-91.00s.
   •  Surging US bond yields help ease the bearish pressure.
   •  US ISM PMI and FOMC minutes awaited.

The greenback selling pressure seems to have abated a bit, with the key US Dollar Index staging a minor rebound during the Asian session on Wednesday.

The buck made a subdued start to 2018 and fell to 3-1/2 month lows on Tuesday amid absent top-tier economic data and lower trading volumes. However, a sharp upsurge in the US Treasury bond yields helped ease some of the strong bearish pressure. 

Moreover, traders also seemed to trim some of their bearish bets ahead of this week's important releases from the US, scheduled at the beginning of a new month. 

The index stalled its overnight slump and now seems to have found some support near mid-91.00s as investors now look forward to today’s US economic docket, featuring the release of ISM manufacturing PMI print for December, for some additional respite during the early NA session. 

Later during the day, the December FOMC meeting minutes would influence investors' expectations over the central bank's monetary policy outlook for 2018, which along with Friday's monthly jobs report (NFP) would help determine the next leg of directional move.