Markets await Fed minutes on dollar stability
The US dollar steadied ahead of the Federal Reserve's September meeting minutes, as markets await signals regarding the potential for another interest rate hike. Subsequently, European currencies and the Japanese yen declined, while the dollar index rose by 0.16% to 102.07 points, supported by demand for the safe-haven currency following the Houthi attack on Aden Airport. It is expected that the meeting minutes will hint at the Federal Reserve's decision regarding a rate increase, with the urgent need for further hikes diminished after economic reports came in weaker than expected.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)