The dollar is slightly weaker against a basket of currencies following the release of the Federal Reserve’s meeting minutes yesterday.
The minutes confirmed that policymakers could rethink their approach to monetary policy depending on economic conditions in the months ahead.
Despite the Fed’s aggressive stance to interest rates and an expected 50 basis point hike in June and July, it’s thought that a more cautious stance will be taken from September, especially if inflation begins to subside.
GDP figures are expected for the US later today.
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