The dollar initially strengthened after the release of the FOMC’s meeting minutes yesterday, however, it is slightly weaker this morning.
The meeting minutes showed that several officials said that “it might be appropriate at some point” to consider tapering asset purchases if the economy continues to show “rapid progress”. This slightly contradicts Fed Chair Jerome Powell’s recent comment that it is too early to consider a change in policy.
Jobless claims figures will be released later today, expected to show a decrease from the last reading.
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