News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • ECB's De Cos says conclusion of FT report is incompatible with ECB guidance $EUR
  • 💶 Inflation Rate YoY Final (AUG) Actual: 3% Expected: 3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 💶 Inflation Rate MoM Final (AUG) Actual: 0.4% Expected: 0.4% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 💶 Core Inflation Rate YoY Final (AUG) Actual: 1.6% Expected: 1.6% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:💶 Inflation Rate YoY Final (AUG) due at 09:00 GMT (15min) Expected: 3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:💶 Inflation Rate MoM Final (AUG) due at 09:00 GMT (15min) Expected: 0.4% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:💶 Core Inflation Rate YoY Final (AUG) due at 09:00 GMT (15min) Expected: 1.6% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/zOjbAQzaP9
  • 🇵🇱 Employment Growth YoY (AUG) Actual: 0.9% Expected: 1.1% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:🇵🇱 Employment Growth YoY (AUG) due at 08:00 GMT (15min) Expected: 1.1% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2021-09-17
US Dollar Ends Week Higher After FOMC Minutes and BOE Outlook

US Dollar Ends Week Higher After FOMC Minutes and BOE Outlook

Christopher Almeida,
US_Dollar_Ends_Week_Higher_After_FOMC_Minutes_and_BOE_Outlook_body_rewind22feb2013.png, US Dollar Ends Week Higher After FOMC Minutes and BOE Outlook

THE TAKEAWAY: The US Dollar Index ended the week on a higher note as the Pound fell on the BOE’s outlook and the FOMC minutes discussed tapering quantitative easing.

US Markets were closed on Monday of this week as Americans celebrated Presidents Day which saw little movement in the US Dollar. When markets opened on Tuesday, investors eyed the Bank of England Monetary Policy Committee’s minutes which saw Mervyn King and Paul Fisher join David Miles in calling for an additional £25 billion of asset purchases. This saw the Pound fall sharply and the start of a rally for the Dollar going into the release of the FOMC minutes.

The Greenback strengthened further still as the Federal Open Market Committee released minutes which saw several members of the committee call for a tapering of quantitative easing measures. After consolidating some of its sharp gains, the Dollar trended lower then fell sharply as positive economic data was released causing investors to take their money out of the safe asset and into riskier instruments.

A further decline was seen in the safe haven currency as the RBA’s governor Glenn Stevens said that it was still prudent to hold interest rates in Australia at the current level which saw the so called ‘Aussie’ rally as yield worries abated.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES