The dollar did not believe in the easing of monetary policy
The Federal reserve may ease monetary policy preemptively. This is stated in the minutes of the July meeting of the regulator. In addition, the fed discussed the possibility of a return to the quantitative easing program (QE is, if someone forgot, purchase of assets), adjusted for the previously obtained experience.
For the U.S. dollar, these opportunities are not best signal. More precisely, this signal is very bad, but the market seems not to believe that the fed will begin to stimulate that in fact the economy is not required. The asset-purchase program – a large-scale thing, and the fed only optimized the approach to the sale of assets and its balance sheet.
Here is a very visible lobby the White house and President Donald trump. And foreign exchange market is also good to notice and therefore not responding to the text “minutes.” Waiting for the speech of fed Chairman Jerome Powell at the Symposium in Jackson hole – so it will be interesting and will be able to move the dollar in one direction or another. While “American” is not afraid of anything and continues to strengthen in tandem with Euro to 1,1078.
“Information-analytical center “Alpari”