USD strengthens due to FOMC Meeting Minutes

Source: Dukascopy Bank SA


At 19:00 GMT on Wednesday, the value of the US Dollar increased due to the publication of the Federal Open Market Committee Meeting Minutes. The strengthening occurred gradually during a period of thirteen minutes, as the market participants read the publication and realized that the monetary policy makers were more hawkish than previously thought.

The EUR/USD currency exchange rate reacted to the announcement with a 32 base point or 0.28%.

The Meeting Minutes can be read here.
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