The US dollar fell slightly following the Fed's dovish stance.
Dallas Fed President Rory Logan and Fed President Christopher Waller said the rise in U.S. Treasury yields in recent months will help the Fed do some of the work it needs to do to prevent an urgent need for further rate hikes. He reportedly claimed that it was possible.
"The pigeons are out of the cage, but they haven't taken flight yet," said Karl Schamotta, director of market strategy at Kopay in Toronto. "Overall, the minutes indicate that officials are increasingly concerned about the risks to the U.S. economy and the recession, but they remain cautious given some conflicting signs in the U.S. economy," he said. It also shows that there are."
The dollar index, which measures the strength of the US currency against six other currencies, hit a two-week low of 105.550. Meanwhile, the euro rose to $1.0634, its highest since September 25th.
"The pigeons are out of the cage, but they haven't taken flight yet," said Karl Schamotta, director of market strategy at Kopay in Toronto. "Overall, the minutes indicate that officials are increasingly concerned about the risks to the U.S. economy and the recession, but they remain cautious given some conflicting signs in the U.S. economy," he said. It also shows that there are."
The dollar index, which measures the strength of the US currency against six other currencies, hit a two-week low of 105.550. Meanwhile, the euro rose to $1.0634, its highest since September 25th.
