The Federal
Open Market Committee (FOMC) Meeting Minutes are a detailed record of the
committee's policy-setting meeting held about two weeks earlier. The minutes
offer detailed insights regarding the FOMC's stance on monetary policy, so
currency traders carefully examine them for clues regarding the outcome of
future interest rate decisions. Last night, FOMC minutes pushed US markets higher as the dollar dropped. The
stronger greenback is making the matter difficult for USAexporters as their
profit margin is constantly being squeezed. Now the weaker dollar will be a good
sign for US corporate earnings.
The rebound
in oil prices on the back of the crude inventory data has provided a much
needed lifeline for the energy sector. However, traders are questioning whether
it can last until the OPEC members meet in Doha.
The Japanese Yen has fallen below the critical
level of 110. Traders are hoping that the currency will be weaker.
The only
element which may keep investors on the edge, will be the weak global growth,
which could have a massive impact on the earnings.
Very important article that we should follow the developments.
ReplyDeleteVery useful information! Thanks.
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ReplyDeleteGood assessment!
ReplyDeleteInformative, thanks.
ReplyDeleteGood reporting, excellent.
ReplyDelete