Fed Meeting Minutes boost USD

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On May 19, the US Federal Reserve Federal Open Market Committee published its April 27-28 meeting's Meeting Minutes. The central bank released only the protocols of the meeting that described what was discussed and how the decisions previously announced were made. Note that the changes in monetary policy are already in effect.

However, sometimes the Meeting Minutes reveal that the monetary policy could change in the future despite the decisions being made at the meeting and then being announced to the public. This time, the Meeting Minutes revealed that a number of the FOMC members stated that, if the economic recovery continues, a tightening of monetary policy could be enacted.

Full Official Release

Minutes of the Federal Open Market Committee

The event caused an almost 35 pip dip on the EUR/USD currency exchange rate. Moreover, the rate extended the decline afterwards.

Initial Reaction

Larger scale situation

Back to articles

Actual Topics

Thu, 20 May 2021 14:11:20 GMT

24.05.-28.05. Event Historical Reactions

On Wednesday, the Reserve Bank of New Zealand is set to make a rate statement at 02:00 GMT. This event has moved the NZD/USD currency exchange rate from 18.0 to 51.3 base points. On the same day, the US Energy Information Administration would publish its weekly Crude Oil Inventories at 14:30 GMT. At 12:30 GMT on Thursday, the US Preliminary GDP

Fri, 14 May 2021 12:42:58 GMT

US Retail Sales cause volatility

On Friday, at 12:30 GMT, the US Retail Sales and US Core Retail Sales data were published. The US Retail Sales came in at 0.0% instead of the market forecast 1.0%. The US Core Retail Sales were at -0.8% instead of 0.5%. The data caused volatility in the value of the US Dollar. For example, the EUR/USD fluctuated in a

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.