The dollar has hit a two-week high this morning ahead of the release of the minutes from the Federal Reserve’s latest monetary policy meeting. The minutes are expected to show a less cautious stance from Jerome Powell. However, this meeting took place before the escalation in trade tensions between the US and China, so the minutes could be slightly outdated.
The greenback seems to benefiting from the weakness of its counterparts – a weak pound, which is suffering due to Brexit, and a weak euro.
The dollar hit a three-week high yesterday after trade tensions eased due to the removal of some restrictions on Chinese tech company Huawei.
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