Key Points
SINGAPORE (Reuters) The dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data...
Fed officials pointed to uncertainties around the economy, oil prices and financial markets as supporting the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate, according to the minutes released on Wednesday from the Sept. 19-20 meeting...
A downside surprise to inflation will likely support the case for the Fed to have finished its tightening cycle, thereby pulling down U.S. yields and the dollar, according to Carol Kong, a currency strategist at Commonwealth Bank of Australia...
On the flip side, an upside surprise will likely encourage markets to reprice higher the chance the Federal Open Market Committee will follow through on its projected 25 basis point hike...
The dollars recent weakness has been driven by declining Treasury yields as bond prices rallied on the Feds softer stance on future rate hikes..
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