The dollar strengthened yesterday, hitting 16-month highs after the Federal Reserve released the minutes from its latest monetary policy meeting.
The minutes revealed that a number of policymakers were in favour of starting the tapering of the bond-buying programme and has increased expectations for an interest rate hike in the near future. Data released yesterday also showed that personal income and personal spending rose more than forecast in October.
It’s a quiet day in the US today as the markets have closed for Thanksgiving.
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