USD Index retreats from recent peaks near 105.00, looks to data, FOMC Minutes – by pabspiovano DollarIndex Currencies Majors
The risk complex manages to regain some poise on Wednesday.The greenback, when tracked by the
The cautious note around the buck comes in line with investors’ prudence ahead of the release of the FOMC Minutes of the December 14 event later in the NA session. In the meantime, market participants continue to assess the potential next steps of the Federal Reserve amidst some loss of momentum in the domestic inflation and the upcoming publication of the December’sIn the meantime, US yields add to the weekly retracement across the curve and so far reverse two consecutive weeks with gains.
Meanwhile, the Fed’s pivot narrative remains in the freezer for the time being, although upcoming key results in US fundamentals would likely play a key role in determining the chances of a slower pace of the Fed’s normalization process in the next months.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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