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USD Slightly Up on Fed Minutes, Focus Turns to ECB Minutes and EZ PMIs

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Yesterday, the Fed minutes revealed that officials want to announce soon a plan to stop their balance-sheet reduction later this year, while with regards to interest rates, the views were split, which keeps some hike chances on the table. As for today, focus turns to the US-China trade sequel, where high-level talks are set to begin, as well as the ECB meeting minutes and Eurozone’s PMIs for February.

Fed Minutes Keep Some Hike Chances on the Table

The dollar ended the day within a ±0.10% range against most of the other G10 currencies. It gained more only against NZD and NOK, while it underperformed only against CAD, which may have stood tall due to yesterday’s rise in oil prices.

Yesterday, the main event for USD-traders was the minutes from the latest FOMC gathering. The minutes revealed that “almost all participants thought that it would be...

Read the full financial markets daily report on JFD Research.

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Source: https://www.jfdbrokers.com/en/research/usd-slightly-up-on-fed-minutes-focus-turns-to-ecb-minutes-and-ez-pmis
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