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

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Actual Topics

Thu, 20 May 2021 14:11:20 GMT

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