The dollar weakened yesterday after the release of the Federal Reserve’s latest meeting minutes. Officials retained their ‘dovish’ stance, maintaining a cautious approach to the US’ economic recovery.
The Fed acknowledged the fact that recovery is going well, however said that they would continue to support with monetary policy until there was further evidence that the economy was secure. Federal Reserve Chair, Jerome Powell, will speak again today at the International Monetary Fund.
The dollar has also weakened against a basket of currencies due to a slide in bond yields.
Jobless claims figures will be released before Powell’s speech later today.
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