Ross-J-Burland

FOMC minutes to weigh on elevated DXY?

TVC:DXY   U.S. Dollar Index
The FOMC kept the door open for the possibility of additional rate hikes in July following its last decision to hike. While the Fed prefers to retain optionality, some expect that July's was the last rate hike of the tightening cycle. If the minutes reflect policy discussions among Fed officials are entertaining the possibility of pausing going forward, then with the DXY that is pretty elevated on hawkish sentiment, will it flip today?

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