The Dollar extended its retreated across the broad following the release of the FOMC minutes. EUR/USD broke above 1.4025 and rose to test daily highs while GBP/USD also rose above previous American session highs and reached levels on top of 1.5940.
Commodity currencies gained momentum supported by rising stocks. In Wall Street, the Dow Jones turned higher after the minutes and currently is up 0.43% while the Nasdaq erased losses and is now rising 0.3%,
The Swiss Franc and the Yen jumped versus the Dollar and reached fresh highs. USD/CHF plummeted 50 pips and dropped back under 0.8300, approaching all time lows. USD/JPY fell to test daily lows.
The minutes showed discussions about how to remove monetary stimulus but no agreement on a specific guideline. “Few members” pointed out that if economic growth becomes too slow more stimulus would be needed.
The Swiss Franc and the Yen jumped versus the Dollar and reached fresh highs. USD/CHF plummeted 50 pips and dropped back under 0.8300, approaching all time lows. USD/JPY fell to test daily lows.
The minutes showed discussions about how to remove monetary stimulus but no agreement on a specific guideline. “Few members” pointed out that if economic growth becomes too slow more stimulus would be needed.
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