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gmong YaBB Full Member Offline I Love YaBB 2.6.11! Posts: 215 Joined: 02/11/21	Dollar left wounded, Fed minutes and inflation in 05/19/21 at 10:16:39	Print Post
	Dollar left wounded, Fed minutes and inflation in focus The U.S. dollar teetered near วิธีเล่นเกมยิงปลา a six-year low against its Canadian counterpart and nursed losses against European currencies as expectations that U.S. interest rates will remain low undermined the greenback. The minutes from the U.S. Federal Reserve's most recent meeting due later on Wednesday are expected to confirm that policymakers think a rate hike is still in the distance. Investors will also be scrutinising consumer price data in Britain and Canada later in the trading day to determine how quickly major economies will be forced to rein in their accommodative monetary policy, which holds the key to the dollar's trend in the medium term. "I'm most concerned about the relative strength of inflation," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo. "The recent release of U.S. consumer prices printed quite high. If Britain and Canada remain below that level, it suggests the pace of normalisation in the United States will be faster. Dollar selling may not last much longer." Against the Canadian dollar, the greenback traded at CUS$1.2069, close to its weakest since May 2015. The British pound bought US$1.4188, which was near its strongest level since late February.


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