{"id":70749,"date":"2015-04-08T01:15:55","date_gmt":"2015-04-08T05:15:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=70749"},"modified":"2015-04-08T07:44:08","modified_gmt":"2015-04-08T11:44:08","slug":"fomc-minutes-risk-for-the-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/fomc-minutes-risk-for-the-dollar\/","title":{"rendered":"FOMC minutes risk for the dollar"},"content":{"rendered":"<div id=\"inves-536754932\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 8, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The dollar fell against the yen in Wednesday\u2019s Asian session reversing gains made on Tuesday when the pair rallied to 120.45 yen. Profit taking ensued ahead of a key risk event today when the Federal Reserve releases minutes from its March 17-18 monetary policy meeting will be released.<\/p>\n<p>Investors will cautiously watch for any hints over a rate hike. After last month\u2019s policy meeting, the Fed\u2019s statement signaled that rate hikes will begin soon after the central bank dropped the word \u201cpatience\u201d from its statement. However, FOMC policy makers also downgraded their economic forecasts and lowered their projections for future interest rates. The downgraded view on GDP growth and inflation, as well as reiterating its concern with the strong dollar and international developments has weakned the dollar\u2019s recent rally.<\/p>\n<p>The FOMC minutes will give insight whether the shift in their forecasts is due to worries the fundamentals of the economy are not as strong as they had thought, or whether it is simply to take into account a weaker-than-expected start to the year.<\/p>\n<p>The Fed noted that it will be watching data very closely as the timing of the rate hike is very much data-dependent. Last week\u2019s nonfarm payrolls were dismal and this week\u2019s non-manufacturing ISM data were not that encouraging.<\/p>\n<p>A dovish minutes would be negative for the greenback and lead to a sell off.<\/p><div id=\"inves-2828133529\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The dollar fell against the yen in Wednesday\u2019s Asian session reversing gains made on Tuesday when the pair rallied to 120.45 yen. Profit taking ensued ahead of a key risk event today when the Federal Reserve releases minutes from its March 17-18 monetary policy meeting will be released. Investors will cautiously watch [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70749","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=70749"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70749\/revisions"}],"predecessor-version":[{"id":70771,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70749\/revisions\/70771"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}