Dollar rebounds ahead of Fed's minutes

Economies.com
2022-05-25 12:30PM UTC

Dollar rose in European trade on track fore the first profit in three sessions away from four-week lows, ahead of the Fed's meeting minutes. 

 

The Index

 

The dollar index rose 0.6% to 102.39, after closing down 0.3% yesterday, the second loss in a row, marking four-week lows at 101.65. 

 

The Fed

 

The Federal Reserve will release minutes of its May 3-4 meeting, at which it hiked rates by 50 basis points for the first time since 2000 from 0.5% to below 1% as expected. 

 

The minutes will provide fresh clues on the pace of policy tightening in the US in 2022. 

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