The dollar is under pressure ahead of the Fed minutes

  11 October 2017    Read: 1172
The dollar is under pressure ahead of the Fed minutes

The dollar is under pressure ahead of the Fed minutes, AzVision.az reports citing Business Insider.

The US dollar index was down by 0.2% at 93.14 at 8:16 a.m. ET.

"The dollar remains under pressure this morning, as a few familiar themes run in the background," Mark McCormick, North American head of FX Strategy at TD Securities, said in emailed commentary.

"[W]e expect the downside to persist this afternoon, with the market likely to overreact to any dovish headlines in the minutes."

The Federal Open Market Committee will release the minutes from its September meeting at 2 p.m. ET.

Traders will be looking for further indications that the central bank will hike interests rates again later this year.

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