Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

USD Jolts Lower Upon Release Of Fed Minutes

FED
  • Link to FOMC minutes: https://www.federalreserve.gov/monetarypolicy/file...
  • (MNI) Washington - Federal Reserve officials officials emphasized data dependency when it comes to future rate rises but made clear the FOMC intends to move policy to a restrictive setting while potentially moving in smaller steps going forward, the minutes from the July FOMC meeting showed.
    • "In light of elevated inflation and the upside risks to the outlook for inflation, participants remarked that moving to a restrictive stance of the policy rate in the near term would also be appropriate from a risk-management perspective because it would better position the Committee to raise the policy rate further, to appropriately restrictive levels, if inflation were to run higher than expected," the minutes said.
  • Some brad dollar weakness following the release with markets potentially leaning towards a marginally hawkish outcome in the minutes and the dollar disappointingly unwinds some gains.
140 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Link to FOMC minutes: https://www.federalreserve.gov/monetarypolicy/file...
  • (MNI) Washington - Federal Reserve officials officials emphasized data dependency when it comes to future rate rises but made clear the FOMC intends to move policy to a restrictive setting while potentially moving in smaller steps going forward, the minutes from the July FOMC meeting showed.
    • "In light of elevated inflation and the upside risks to the outlook for inflation, participants remarked that moving to a restrictive stance of the policy rate in the near term would also be appropriate from a risk-management perspective because it would better position the Committee to raise the policy rate further, to appropriately restrictive levels, if inflation were to run higher than expected," the minutes said.
  • Some brad dollar weakness following the release with markets potentially leaning towards a marginally hawkish outcome in the minutes and the dollar disappointingly unwinds some gains.