Today, the spotlight is likely to fall on the minutes from the latest FOMC policy meeting, just a day ahead of the US employment data for June. At that meeting, officials decided to hike rates by 25bps, while the new “dot plot” pointed to an extra rate increase by year end, compared to the previous one. Yesterday, the British pound came under buying interest after the UK services PMI rose to its highest since October.
USD-Traders on the Edge of Their Seats in Anticipation of the Fed Minutes
The dollar traded mixed against its G10 peers yesterday. It gained against AUD, CHF and CAD, while it underperformed versus SEK, NOK, GBP and JPY. The greenback traded virtually unchanged against EUR and NZD.
Today, USD-traders will be sitting on the edge of their seats in anticipation of the minutes from the latest FOMC policy meeting, just a day ahead of the US employment data. At that meeting, the Committee decided to increase the...
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