ECB monetary policy meeting minutes preview
Forex today in Asia was dominated by broad USD weakness, as the US dollar continued to face double whammy amid renewed US political woes and less optimistic Fed’s outlook on inflation.
Analysis
- · No Relief for the Dollar as Trump Disband Councils
- · FOMC minutes: Concerned over inflation, but agree on balance sheet normalization
EUR/USD found takers at the 20-day low of 1.1681 and ran into rising trend line hurdle after the Fed minutes released in the NY session...
The GBP/USD pair caught a fresh bid-wave in Asia and extended its overnight steady rise to reclaim 1.29 handle. However, the bears continue..
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