The Fed Suggests A Rate Hike Later In The Year, USD Sees A Corrective Pullback !

USA J
USA J

Fed meeting showed a lack of interest in rate hike next June. The minutes show that only a few Fed officials thought that the economic data would improve enough to trigger a rate hike at the Fed’s next meeting on June 16-17….

Most Fed officials thought the weakness in first quarter growth was temporary and the economy would resume at a moderate pace, suggesting a rate hike sometime later in the year….not in next June……..

Conclusion: This development is likely to halt USD  strength, there is a risk for a corrective pullback in the upcoming days for US dollar….

MARKET DATA

UPCOMING ECONOMIC EVENTS