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USD Mixed Ahead of Fed Minutes, GBP Up and Down on May’s New Offer

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The US dollar traded mixed yesterday, with risk appetite staying supported during the EU and US sessions, perhaps due to the US government’s decision to ease restrictions imposed on Huawei. Today, USD-traders may pay some attention to the FOMC minutes but bearing in mind that the latest trade tensions may have affected policymakers’ views, the information we get may be outdated. The pound surged following headlines that PM May will include a vote over a second referendum in her new offer, but the currency erased those gains as lawmakers remained opposed.

Risk Sentiment Stays Supported, FOMC Releases Minutes

The dollar traded mixed against the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained against JPY, NZD, CHF and GBP in that order, while it underperformed versus NOK, SEK and CAD. The greenback was found virtually unchanged against AUD and EUR.

USD performance G10 currencies

The weakening of both the safe-havens JPY and CHF suggests that market sentiment may have remained supported yesterday. Indeed, after the recovery in investor morale during the...

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Source: https://www.jfdbank.com/en/research/usd-mixed-ahead-of-fed-minutes-gbp-up-and-down-on-mays-new-offer-20190522
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