Greenback drops as Fed minutes show scant support for near-term lift

August 18, 2016

On Thursday, the greenback hit a seven-week minimum against a basket of key currencies, after minutes from the Federal Reserve's July gathering demonstrated policy committee members opposed to a near-term rate lift outperformed those who wanted one.

The minutes published on Wednesday disclosed several policymakers’ statement pointing out to a slowdown in the future pace of hiring would argue against a near-term rate lift even as members of the rate-setting Federal Open Market Committee were mostly upbeat regarding the American economic outlook.

They outclassed board members who anticipated that economic conditions would warrant tightening policy soon.

The minutes disappointed those who had bet that the US major bank could be more hawkish, after on Tuesday, New York Fed chief William Dudley informed that the Fed could probably increase interest rates already in September.

Publication source
FBS information  FBS reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

NPBFX Rating
 FXTM Rating
FXCM Rating
OctaFX Rating
Exness Rating
FIBO Group Rating

OptionFair Rating
OptionRally Rating
UKoptions Rating
OptionBit Rating
24option Rating
Porter Finance Rating