The Fed minutes showed that most officials are wary of cutting interest rates quickly and want to see additional evidence of persistent disinflation before pulling the trigger. This policy stance could benefit the U.S. dollar for now.
The U.S. dollar sustained small losses in late afternoon trading in New York on Wednesday despite the advance in U.S. Treasury yields following the release of the minutes of the Jan. 30-31
According to the summarized record of the proceedings, policymakers felt it would be inappropriate to begin lowering interest rates until they had a stronger conviction that consumerThe fact that the central bank needs to see more evidence of disinflation before removing policy restriction suggests that the easing cycle is unlikely to begin soon and could even be delayed to the second half of the year.
If the Federal Reserve decides to postpone its interest adjustments, we could see U.S. bond yields nudge upwards in the near term, boosting the U.S. dollar in the process. This could result in the DXY index hitting fresh yearly highs moving into March.Feeling discouraged by trading losses? Take control and improve your strategy with our guide, "Traits of Successful Traders." Access invaluable insights to help you avoid common trading pitfalls and costly errors.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Australian Dollar consolidates after intraday losses amid an improved US Dollar, PPI eyedThe Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) could gain ground on improved Treasury yields.
Lire la suite »
US Dollar Propelled Higher on String of Strong Data, Fed Speakers NextUS yields and the dollar have responded in a big way to strong US data that continues to defy logic. Talk of cautiousness and data dependency may fuel USD upside
Lire la suite »
US Dollar Subdued Ahead of Fed Minutes; Setups on EUR/USD, USD/JPY, USD/CADThis article focuses on the technical outlook for three popular U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Throughout the piece, we scrutinize potential scenarios and examine key price levels worth watching in the coming days.
Lire la suite »
Filecoin (FIL) Skyrockets 15% Daily, Bitcoin (BTC) Losses $52K Level (Market Watch)Crypto Blog
Lire la suite »
Markets Week Ahead: US Indices, Gold Recover Losses After US Inflation FearsInflation in the US remains sticky at both producer and consumer level but US indices are seemingly ignoring these price pressures and remain near recent multi-year highs.
Lire la suite »
US Dollar Weekly Forecast: The year-to-date rally appears unchanged- The USD Index (DXY) clinched its fifth straight week of gains.
Lire la suite »