Tag Archives: fomc minutes

FOMC minutes are expected to keep the US dollar supported. The dollar gains about 2% off the highs of the year, ahead of today’s release of the 27 July FOMC minutes. Last FOMC’s meeting, in particular, triggered dollar selloff on the view that the Fed might have already taken the …

The US central bank’s officials tend to keep hiking interest rates until high inflation is under control, and the release on Wednesday’s FOMC minutes from their July 26-27 policy meeting could highlight how aggressive they expect to be.Data since the Fed’s last policy meeting showed annual consumer inflation eased in …

The AUD/USD pair slides more than 1.40% on Wednesday due to cooler-than-expected Australia’s Wage Price Index (WPI). Risk aversion keeps investors rushing towards safe-haven assets, bolstering the US dollar.AUD/USD is currently below the 20/50-day EMA, on a risk-off impulse spurred by recession fears lingering on investors’ minds, while US Retail …

Caution prevailed on Tuesday, with the focus still on a potential global recession. The dollar maintained its dominance despite a short-lived knee-jerk at the beginning of the American session.Wall Street closed mixed, with the DJIA posting substantial gains, the S&P 500 modestly up, and the Nasdaq Composite shedding some ground.Economic …

Markets are awaiting the FOMC Meeting Minutes to decide on the size of the next Fed hike. FOMC will publish the July meeting minutes on Wednesday, August 17 at 18:00 GMT.Policymakers are likely to reiterate their commitment to monitor the data closely. The US dollar started the new week on …

Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …

The Federal Open Market Committee released its hawkish minutes of the June policy meeting. Markets have nearly fully priced in another 75-basis points rate hike in July with which the minutes align. Investors are paying close attention to discussions around the September rate decision. The US dollar is little changed …

At $1,807.17, gold price is slightly retreating in the midday US session as markets are on holiday. Bond markets are closed on the occasion of the US Independence Day, but the US dollar has seen two-way price action which has both supported and sunk gold at the start of the …

US companies Cisco Systems and Nike told Reuters on Thursday that they will exit the Russian market entirely, as the pace of Western companies’ exit from Russia accelerates after its invasion of Ukraine in February. Cisco, the maker of telecom equipment, said it was ending its business in Russia and …

Gold prices rose in choppy trading on Monday, boosted by a weaker dollar, although some investors’ shift to riskier assets in Asia limited those gains. And gold rose in spot transactions 0.2 percent to $ 1856.86 an ounce at 0152 GMT. US futures rose 0.1 percent to $1,859.40 an ounce. …