Investors.com has been waiting for Dollar Down Investors with Feding Minutes

By Gina Lee

Investing.com – The dollar fell in Asia on Wednesday morning before the US Federal Reserve released its minutes of the last meeting. Meanwhile, the euro fell to a nearly three-month low against the green dollar, disappointing and raising concerns about COVID-19’s economic recovery in the country.

The greenback that followed the basket of other currencies fell to 0.01% to 92.532 at 23:41 ET (03:41 GMT).

The pair stood at 110.61.

The pair fell from 0.07% to 0.7491, while the pair fell from 0.06% to 0.7015.

The pair fell 0.06% to 6.4714 and the pair fell 0.01% to 1.3798.

The euro traded at $ 1.1820 after hitting a three-month low of $ 1.1806 in the previous session. It fell 130.81 yen against the yen on June 21 near the two-month low of 130.05.

Data released on Tuesday says it has dropped to 63.3, below 75.2 of the forecast prepared by Investing.com and below the June 79.8 number.

Some separate data also showed a 3.7% month-on-month decline in May, compared to a 1% increase in forecasts prepared by Investing.com and a 1.2% increase in April.

Meanwhile, the ongoing production dispute between members of the Oil Exporting Countries and allies (OPEC +) weakened the sentiment of other currencies that are sensitive to the risks posed by the collapse of prices.

The Australian dollar also gave up as of Tuesday, as investors digested the money given to them that day. As a first step in reducing assets, the RBA announced a lower third round of the quantitative easing program and maintained its April 2024 bond for a three-year yield of 0.1%. The interest rate remained unchanged at 0.1%.

In the U.S., yields fell sharply as the Fed forced inflation to tighten its monetary policy earlier than expected after investors were forced to pull out of their positions.

Those who will be released on the same day are expected to provide clues to advance the central bank’s policy views.

However, some investors have said the tracks are already there.

“It seems like a lot of people think the Fed will drop advice in August, and they’ll say in September that it’s being considered and set for December. But I think the Fed can move ahead of those time limits,” said Sumitomo Mitsui (NYSE 🙂 Daisuke Uno’s chief strategist told Reuters.

“The most important point is that the Fed has already raised its inflation forecast,” Uno added.