Logo-color Logo-white

Dollar extended its broad decline overnight following release of FOMC minutes, which confirmed that a vast majority of Fed members see a rate cut in September as appropriate. However, the market reaction was relatively muted, as this outcome has already been largely priced in by traders. The real uncertainty centers on the size of the […]

The post Dollar Continues to Slide as FOMC Minutes Confirm September Rate Cut Likely appeared first on Action Forex.

previous

Dollar Continues to Struggle Amid Market Lull

next

Sterling Surges on Strong PMI Data, BoE Likely to Hold Off on Rate Cuts Amid Resilient Growth

Read More

Commodity Currencies Tick Up after Calm Weekend; US GDP and PCE to move markets
22/04/2024

Commodity Currencies Tick Up after Calm Weekend; US GDP and PCE to move markets

Commodity currencies rises broadly in Asian session today, buoyed by slight improvement in risk sentiment after a relatively quiet weekend in the Middle East. This contrasted with the performance of typically safe-haven assets such as Swiss Franc, Japanese Yen, and Dollar, all of which traded mildly lower. Gold also dips away from 2400 mark, while […]
Dollar Under Pressure as Markets Await Crucial US CPI , Aussie and Kiwi Lead Gains
15/05/2024

Dollar Under Pressure as Markets Await Crucial US CPI , Aussie and Kiwi Lead Gains

Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider monetary easing, it is crucial that inflation shows signs of following suit with clear […]
No Fireworks After Fed Cut, Attention Turns to BoE
19/09/2024

No Fireworks After Fed Cut, Attention Turns to BoE

Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a recovery. The reaction was somewhat anticlimactic but understandable given the unusually high level of uncertainty surrounding this FOMC meeting. In […]