XE Market Analysis: Europe – Jul 06, 2017

The dollar majors have been plying narrow ranges so far today, with a blip higher in the greenback following the release of the Fed minutes from the mid June FOMC meeting not amounting to much. The minutes didn’t discourage beliefs the Fed will continue to reduce accommodation, via rate hikes and the balance sheet unwind. We and many in the market believe the balance sheet unwind will begin in October (announced in September), which will delay the next rate increase until December.

Source: XE news feed
XE Market Analysis: Europe – Jul 06, 2017