- MarketPulse - https://www.marketpulse.com -

U.S. Dollar Falls after Lack of Fed Guidance

The dollar fell the most in more than a week as minutes from the Federal Reserve’s last meeting failed to provide additional insight on the pace of interest-rate increases next year.

The euro gained for a third day versus the U.S. currency as it approached a key technical level. The yuan rose to the strongest in three months on the first of two days of China-U.S. talks and before a report economists said will show the Chinese trade surplus rose in June. New Zealand’s dollar approached a record high, while the Swedish krona rallied the most in almost four weeks.

“There’s no surprises in the minutes — you usually get a broader, less dovish flavor in the minutes,” said Vassili Serebriakov, a New York-based foreign-exchange strategist at BNP Paribas SA. “But nothing deviated significantly from the dovish Yellen at the press conference. The market is a bit disappointed.”

Bloomberg [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])