FOMC minutes send dollar lower


The FOMC minutes were released today and for the market it was no surprises and steady as she goes from the Hawkish FED. It was clear that they saw the economy booming but a gradual slowdown in the second half of the year, but they also highlighted the fact that trade wars pose an economic risk to the economy and its growth as of late. The USD though had mixed feelings over it as this was as expected and it looked like markets had been betting on a potentially more hawkish set of minutes in the long run.  This was strongly reflected in a few currencies but more so in the USDCAD which… Read More

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