The Federal Reserve has again a cause to sell the US dollar in the market. After published the minutes of the Federal Open Market Committee, the US Dollar Index fell, which was lead greenback to decline against the basket of major currencies. This movement was insignificant, but this trend could continue until the publication data of the US labor market on Friday.
The members of the Federal Reserve were optimistic, was noted about reduction in global risks, but officials doubted concerning the fiscal policy of Donald Trump, which the Fed also counted. If the new president of the United States of America can’t implement the planned reforms, the Fed may slow down the process of tightening monetary policy.
In this regard, the US dollar for the restoration of positions will have to wait for a set of positive statistics, which will show a stable growth the economy of the US. The speeches of representatives of the American regulator no longer inspire markets, because nothing new is heard. Donald Trump didn’t even provide tax reform for consideration. Therefore, only the indisputable arguments will help with the next raise of interest rates, the growth of economic indicators in this case will be the best support for the US dollar.