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Wednesday, January 3, 2024

Will Fed minutes ruin the USD rally? 💵

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FOMC minutes to be released today could affect the dollar

FOMC Focus

Hello Phan,

Today, the December Federal Open Market Committee (FOMC) meeting minutes will be released at 7 pm (GMT).

With an anticipated March interest rate cut on every trader’s radar, the meeting’s results could affect the dollar’s recent rally against major currencies, including the yen and the loonie.

Additionally, the Bureau of Labor Statistics will release the November Job Openings and Labor Turnover Survey - two important gauges of America’s economic health.

Will these economic events cause a dollar reversal today?

Trade Now

** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice.

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