{"id":122816,"date":"2021-10-13T09:31:36","date_gmt":"2021-10-13T09:31:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=122816"},"modified":"2021-10-13T09:31:36","modified_gmt":"2021-10-13T09:31:36","slug":"dollar-near-one-year-high-ahead-of-fed-meeting-minutes","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/","title":{"rendered":"Dollar near one-year high ahead of Fed meeting minutes"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022.<\/p><figcaption>FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS\/Yuriko Nakao\/File Photo<\/figcaption><p>Three Fed policymakers said on Tuesday that the U.S. economy has healed enough to begin to scale back the central bank\u2019s asset-purchase programme, including Vice Chair Richard Clarida.<\/p>\n<p>Money markets now price about a 50-50 chance of a rate increase by July.<\/p>\n<p>The dollar index, which measures the greenback against six rivals, eased slightly to 94.356 from Tuesday, when it touched 94.563 for the first time since late September 2020.<\/p>\n<p>A surge in energy prices has fuelled inflation concerns and stoked bets that the Fed may need to move faster to normalise policy than officials had projected, sending two-year Treasury yields to their highest in more than 18 months overnight. [US\/]<\/p>\n<p>Higher U.S. yields helped push the dollar to a three-year high against the yen on Tuesday at 113.785 yen . The pair last traded at 113.575.<\/p>\n<p>The euro changed hands at $1.1551, well within sight of the previous session\u2019s $1.1522, its lowest in nearly 15 months.Traders will focus on consumer price data later on Wednesday for further insight into the timing of higher rates.<\/p>\n<p>\u201cCPI is the main economic draw\u201d and \u201chas the potential to see Fed rate hike expectations move again, one way or another,\u201d said Ray Attrill, head of foreign exchange strategy at National Australia Bank in Sydney.<\/p>\n<p>Most Fed policymakers continue to say inflationary pressures will prove transitory.<\/p>\n<p>Governors Lael Brainard and Michelle Bowman are among the Fed officials due to speak later on Wednesday, when the minutes of the central bank\u2019s September meeting are also due to be released.<\/p>\n<p>\u201cToday\u2019s FOMC minutes release could confirm that a November taper announcement may be hard to resist for the Fed but also that there were discussions of the potential impact from further tightening of the U.S. and global financial conditions,\u201d said Valentin Marinov, head of G10 FX research at Credit Agricole.<\/p>\n<p>\u201cWe further believe that, following the rather mixed U.S. jobs report for September and the delay rather than the resolution of the U.S. debt ceiling issue, the Fed could ultimately opt for a more gradual start to QE taper.\u201d<\/p>\n<p>Sterling meandered in the middle of this month\u2019s range, trading a touch higher from Tuesday at $1.3624.<\/p>\n<p>The risk-sensitive Aussie dollar traded flat at $0.7347, retreating from Tuesday\u2019s one-month high at $0.7384.<\/p>\n<p>Bitcoin traded around $54,765, after reaching a five-month high of $57,855.79 at the start of the week.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/global-forex\/forex-dollar-near-one-year-high-ahead-of-fed-meeting-minutes-idUSL1N2R90EJ\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":122815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dollar near one-year high ahead of Fed meeting minutes - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar near one-year high ahead of Fed meeting minutes - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) &#8211; The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-13T09:31:36+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/10\/Dollar-near-one-year-high-ahead-of-Fed-meeting-minutes.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/\",\"url\":\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/\",\"name\":\"Dollar near one-year high ahead of Fed meeting minutes - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-10-13T09:31:36+00:00\",\"dateModified\":\"2021-10-13T09:31:36+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Dollar near one-year high ahead of Fed meeting minutes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar near one-year high ahead of Fed meeting minutes - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/","og_locale":"en_US","og_type":"article","og_title":"Dollar near one-year high ahead of Fed meeting minutes - Fin2me","og_description":"LONDON (Reuters) &#8211; The dollar held near a one-year high versus major peers on Wednesday, amid rising expectations the Federal Reserve will announce a tapering [...]","og_url":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/","og_site_name":"Fin2me","article_published_time":"2021-10-13T09:31:36+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/10\/Dollar-near-one-year-high-ahead-of-Fed-meeting-minutes.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/","url":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/","name":"Dollar near one-year high ahead of Fed meeting minutes - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-10-13T09:31:36+00:00","dateModified":"2021-10-13T09:31:36+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/dollar-near-one-year-high-ahead-of-fed-meeting-minutes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Dollar near one-year high ahead of Fed meeting minutes"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/122816"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=122816"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/122816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/122815"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=122816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=122816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=122816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}