FOMC minutes preview: Will the Fed help the dollar recover?

Yohay Elam FXStreet

The last Fed meeting did not consist of fresh forecasts nor a press conference and did not reveal anything we hadn't known. The meeting minutes, a more elaborate document, could provide some clarity about the next moves of the Fed. In theory, this is a documentation of what happened back in July. In practice, the minutes are a fully redacted publication meant to impact markets. It can already lean towards the better than expected NFP, or perhaps the disappointing retail sales. While nobody expects a rate hike in September, the publication could shape trading in the next few days, and even until the Jackson Hole Symposium next week.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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