The dollar has eased slightly after rising treasury yields strengthened it earlier in the week.
Yesterday, the Federal Reserve released the minutes from their latest monetary policy meeting. As expected, there were no surprises and officials see the economy as “far from” the central bank’s goals of where it needs to be at the moment. The meeting summary said it likely will “take some time for substantial further progress to be achieved,” meaning policy is unlikely to change soon.
Data released yesterday showed that US retail sales increased sharply in January after households received pandemic relief money from the government. It was the largest increase in seven months.
Later today, jobless claims figures for the US will be released.
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