Dovish FOMC minutes adds further pressure on the US dollar
From hantecfx.com
The dollar is beginning to come under increasing corrective pressure. Jerome Powell seemed to fire the gun on the move with dovish comments last Friday but he is being backed up by a run of Fed speakers and also now the FOMC minutes. Charles Evans, a voter in 2019, suggested that the Fed may hold off on rate hikes for the first couple of quarters this year. This seemed to be something of a tipping point for the dollar and drove EUR/USD above $1.1500 for the first time in ten weeks. This assessment seemed to be backed up by a strangely dovish set of FOMC minutes last night too (strange in that the December FOMC ...
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