16 August 2017
The Federal Open Market Committee (FOMC) Meeting Minutes offer detailed insights of the FOMC's stance on monetary policy, the minutes are of interest for traders, as they give clues regarding the outcome of future interest rate decisions.
On August 16 at 6 p.m. GMT the FOMC Minutes for the Meeting held on July 26 are to be released. Leading FreshForex analyst Catherine Main has commented on the minutes as follows:
“Inflation in the United States has slowed down, and this is the matter of concern for Fed members. Chicago futures exchange is not expecting another rate hike this year, for this reason US dollar rates may drop. On Wednesday traders may consider going long on GBP/USD, EUR/USD and short on USD/CAD.”
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