June FOMC minutes: steady hikes, dovish risks - TDS

Ross J Burland FXStreet

Analysts at TD Securities, (TD), explained that the June FOMC Minutes reinforced the Fed's plans for a continued, gradual pace of rate hikes.

Key Quotes:

"Participants noted the "very strong" economy and generally supported hiking beyond the neutral rate this cycle."

"Yet many participants also expressed concerns about a slowdown in global growth and the fallout from trade policy disputes."

"The Minutes do not provide a short-term impulse for FX markets especially ahead of US payrolls, but the incremental increase of concern over trade policy and the global backdrop is notable."

"This lends credence to our view that CAD is poorly situated while the EUR may lack a directional impulse in the very near-term."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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