Sharply lower USD on expectations of dovish Fed minutes

The USD is weakening quickly, as market participants expect the minutes of the last FOMC meeting to confirm the Fed’s willingness to tolerate a temporary surge in inflation. US equities posted losses for the second day in a row, but the bond market remained rather unchanged, with the US 10y around 1.64%. UK price data released this morning showed the inflation rate more than doubled in April, in line with expectations, but strong PPI figures point to further acceleration. Non-essential shops, cinemas, museums and café and restaurant terraces reopen today in France.

usd index
Share this news :

You might also read :

ES-gas
November 30, 2021

Strong price rebound

European gas prices rebounded strongly yesterday, supported by cold weather, ongoing concerns on Russian supply and technical buying. The rise in Asia JKM prices (+3.01% on the…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]